XJO
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0.50% 7,971.1 s&p/asx 200

friday trading, page-198

  1. convexity
    10,261 Posts.
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    12/12/08
    18:58
    Post #: 4601026
    Always great when they close the SFE when times are bad.

    Its a risk free trade.

    Everyone starts shorting stock, sends the market down, SFE opens, gaps lower and then... um well... there are no sellers left as the market has already had its ass kicked and there are plenty of buyers wanting to cover..

    So futures can only go up, the buying creates momentum and it can last for a few days.
    XJO Value at posting: 128.80
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    lightbulb Created with Sketch.  Great analysis
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