PM update (3):
The House does not have the votes to pass the bill and we get a massive drop pushing QQQQ right down to that August 2006 gap close mentioned earlier (37.70 or so). We bounce from there, now at 38.45. Was that the target after all? We will soon find out. Watch the ES move back up to 1163, now R. ES 1136 will need to hold on a retest.
QQQQ Dec 38 calls at 3 are a take. This is not the time to panic (it is in many ways, but for traders it's stay calm and work the flow).
Watch the vote live: link.
The House does not have the votes to pass the bill and we get a massive drop pushing QQQQ right down to that August 2006 gap close mentioned earlier (37.70 or so). We bounce from there, now at 38.45. Was that the target after all? We will soon find out. Watch the ES move back up to 1163, now R. ES 1136 will need to hold on a retest.
QQQQ Dec 38 calls at 3 are a take. This is not the time to panic (it is in many ways, but for traders it's stay calm and work the flow).
Watch the vote live: link.
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on Monday, September 29, 2008 at 9/29/2008 01:53:00 PM.
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