With futures going through the roof, "good" news popping up all over the place, and an AH trading session the likes of which we haven't seen in a long, long time, one could be transfixed into long positions before thinking things out. Remember, there is a ton of bagholders out there and they're gonna want to bail somewhere along the line. Also, gaps tend to fill, so don't be surprised to see yesterday's closing prices re-visited...might even be some good short opportunities once the open peaks. Could be, too, that we'll see some hod prices during pre-trade! Personally, I plan to take some profits during pre-trade...look for some shorts sometime after 10:00 (sticking to my rule of not entering any trades between 9:30-10:00)...and look for some long entries when some gaps begin to fill.Use your heads, folks. Lock limit up futures do not necessarily mean a whole day of nothing but uppy.Sandy
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