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SPDR Dow Jones Industrial Average ETF Message Board

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  • zencowboe zencowboe Nov 26, 2008 3:37 PM Flag

    Market closes at 1PM (EST) on Friday...

    I'm thinking about it just before the news release at noon, particuarly if the market is up at the time.

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    • I got burned on a small short today. But it seems like a sure thing given the general sentiment of curtailed holiday spending and how it's going to hit the retailers on Monday.

      I guess the question is how will it affect the overall market? Sure is tempting...

      • 1 Reply to rain_proof
      • I can understand the Friday and Monday's rally after a hard selloff, but Tuesday and Today's rally was on a low volume and without the best MMs and institution players.

        A lot of individual investors are on vacation today and they only know to buy long, so historically the Thanksgiving weeks have seen rallys 2/3 of the time according to the report.

        We're looking at economic news that is still getting worse and haven't shown improvement. I don't see this rally running away. This is the first time we rallied 4 days. Within days, once MMs pick up enough buyers, they are going to tanking it 500+ points.

 
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