Euro 50 pips over KZ and TL.
I can't wait to see where it opens tonight.
JI
jimkane
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2.5 point range for almost four hours. And, to make it worse, that range has narrowed over the time! This market is beyond pathetic. On the other hand, gold at least had two big swings before it went to sleep.
JI
jimkane
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How often do you see AAPL trade in about a $1 range for about three straight hours???
JI
jimkane
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So, it seems like this will just go to sleep until close, but what are the chances that they will start a late afternoon Friday into the close to prep for Sunday night GLOBEX/Monday up? I'd say real, real good. But it's already up... But it's so dead... But last week they didn't do it... We'll see. I can't imagine they don't take advantage.
JI
jimkane
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Hmmmm, no sooner did I say that then, as if they rang a bell, big sellers come in. Are they bringing it down for better prices for the Sunday night GLOBEX/Monday run up? We've seen this before. But it is curious that things seem to be changing on Friday afternoons since the 'top'.
JI
jimkane
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So, the 'sellers' are reacting to the impossible, the 100% corrupt and crooked (in my opinion) ISDA rules what they simply cannot rule, that a credit event did occur in Greece, and the credit default swaps are now triggered. If this was indeed the case then 'Armageddon' has started. Recall the last time 'Armageddon' started when BAC closed below $5? Some 'Armageddon'. BAC went straight up, no funds sold, nothing happened. And although mathematically I can see no way, and I mean zero way this doesn't trigger a total collapse of the entire system, I know what will, indeed, happen: absolutely nothing. And this drop in the ES will soon be made up, and Sunday will likely gap way up, again, in my opinion. In other words, same old, same old corrupt game. Just my two cents.
JI
jimkane
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I think it will shoot for 70+ (basis June contract) before the close. If it gets that, it could move up some more, though.
JI
jimkane
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Wow, are they going to dump this? If they can't send it up they'll send it down???
