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Al,
I noticed that myself. My first observation would be that somebody didn't
get out of the market the way they wanted to, so they bid up Globex to get
higher openings in the indexes. If it holds through the morning we could get
a jump in the morning and probable folks selling the rally in the morning.
Whether the rally will prevail will be the question. For the most part many
of these morning rallies fizzle out. But since we have sold off so much
maybe a few bargain hunters will step in.
Harley
Al Taglavore wrote:
> Are we aware that the S&P is trading up 1240 on Globex at 9:25? This is
> a strong move after the pasting it took today. "V" bottom ala '87?
> Comments?
>
> Al Taglavore
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