It's more than down 30, JRI, cuz the futures ran up some after 4 EST but before the futures close. 5-6 points or so, I think. Regardless, it could happen, but I still doubt we gap below 1582.
One reason AA thinks we could get a squeeze, obviously, is that there's a lot of shorts here, at least as witnessed by Rydex numbers. The VIX has risen, too, though it clearly could go much higher. Anyway, as he said, any positive news shock (and there are oodles of econ numbers on Wed-Thur-Fri this week) could do it. OBL could do it. Or. . .uh. . . who knows? Actually, has Intel even had their conference call yet? Never underestimate spin. I mean, look at JNPR back up to 18.5 in the AH.
Yeah, that's it. . . JNPR will lead the rally to da moooooon.
the freep |
