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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Keith Feral who wrote (43050)1/3/2013 5:21:31 AM
From: GROUND ZERO™  Respond to of 174610
 
Yes, very possible, that's why I like covered call positions, especially around the VP regions... but I also think this huge gap higher could be the beginning of a mammoth gap and go rally that could last for a long time... this is exactly what happened in the first trading day of 2012, we had a huge gap higher and the market just kept on going... of course last year's 21 point gap wasn't like this years jumbo 37 point gap, but a 37 point gap is probably telling us something, and it's probably not all that bearish...

GZ