Afternoon all,I thought i would talk about the Futures , as they...

Afternoon all,
I thought i would talk about the Futures , as they closed on the overnight market this morning down 38 and 39 ..but opened up blasting green..and the Dec, started to sell off just before 11 am so you wonder why, Well the dying market ( Sept) and the new market Dec.like to eod up pretty close together. .though not always..
so this is how the Sept.market closed at 11.am 8210..and the December contract was at 8219, 11.00am very close, once the funeral was over. For Sept, Dec started to sell off..now sitting at 8198
the market is never dull, now you have to wonder will Dec continue to sell of to the close of the over night market which closed down 38 tics at 8167 ?
Fut traders would have been down heaps on open this morning down approx 52 points x 25 = 1300 one contract, days like that stops just get jumped, and you are well and truly out of the money, ok if a good bank if not sold up and bear the loss and pay up..
we will wait and see hey
enjoy your afternoon
and take care
ac