As some resistance grows towards the bailout plan, there is some positioning and pricing going on in the DJIA, SP500, and NQ100. While the overall market does not want to get ahead of itself before the vote on intervention, some pros do not want to miss a potential rally shot. It is thought by some that it will be unlikely to have another federal infusion of this magnitude in a trading lifetime and ultimately it will play well for a great many stocks. Warren Buffett's Goldman purchase is mostly about making money but the PR of it does cause other traders to think about their own timing.
Those actively banging it out these days, this is as tough as trading gets. All is in front of you, choppy trade quickly consumed by a move on breaking news in a direction to be quickly reversed. And since the bears have now played every doomsday card, the action from here will either confirm or leave an opening for smoked bulls.
