Not worth a darn thing but, I think we should get Matt's
corrective bounce here. But...since I'm more cautious about
these things - I'll probably just wait and short the bounce on the
other side in a few days.
As for the bill. It looks like a crap deal to me and I
think a lot of traders will see it that way no matter if it is
passed this evening or not.
Not worth a darn thing
What is everyone's take on the bill passing this evening (7pm), I am holding ES futures long?
Posted by johnc on 1st of Aug 2011 at 03:19 pm
Not worth a darn thing but, I think we should get Matt's corrective bounce here. But...since I'm more cautious about these things - I'll probably just wait and short the bounce on the other side in a few days.
As for the bill. It looks like a crap deal to me and I think a lot of traders will see it that way no matter if it is passed this evening or not.
johnc, i agree with you, but the uncertainity will decrease at least, short term that should help, but if it fails again to pass the house, look out below, stops might not help much with ES futures, i
Posted by gram on 1st of Aug 2011 at 03:22 pm