Tuesday, February 10, 2009

NQ Futures Trade - Geithner Plan

Another buy the rumor, sell the news story from Washington. Remember we had a nice pop on the rumor of the bad bank plan on January 28th. Now, when the actual details of the plan, or lack thereof, are announced, we sell.


PDT said...

Thats a textbook capitulation spike.

Would you ever consider trying to scalp the capitulation reversal?

Jamie said...


I do sometimes, but I prefer a V bottom on capitulation.