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To: Robert O who wrote (1340)12/29/2012 9:18:31 AM
From: The Ox  Respond to of 8239
 
The way the market sold off in the last half hour suggests there will be a decent gap up if any resolution occurs over the weekend. With the way stocks have fluctuated whenever there is any change in the fiscal cliff talks, I would agree with you based on the concept. Any decent sized agreement should (eventually) put the market into rally mode, as many of the excuses businesses have used to hoard their cash should get eliminated. There is plenty of pent up demand, waiting to hear the starter's pistol.

There are few things worse than gridlock.....



To: Robert O who wrote (1340)12/31/2012 10:17:50 AM
From: Robert O1 Recommendation  Respond to of 8239
 
Ah well this would have been the point I tell you how I locked QQQs trade at 64.25 for a 1k gain but I have had this problem all year- not willing to play the odds on fav. trades for a scalp. That's okay this year had been good and I will attempt to parlay those wins in 2013 more agressivly with the 'houses' money when extremes are hit. At this juncture the risk reward is no longer an easy play and I will wait for smoke to clear after the final news of done deal comes out.