Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 85.80

-0.3%

10:41 AM EST

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To: David C. Burns who wrote (972)	6/27/2010 3:19:55 AM
From: Hawkmoon	Read Replies (1) of 1428

So.. since nearly 80% of the trading activity is HFT, do you think that we might see a "traders's strike" that causes the market to go down on Monday, prior to the votes on the bill? We definitely seem to be set up for a sell off in the near future, possibly down to Dow 8500. Volume has been pathetic, we're seeing the DOW, and SPX looking at a Bear Flag formation, and even more sinister, the right shoulder of a H&S formation possibly being created right now. With all this bad news, I'm not really sure what's propping this market up except spit and chewing gum. Could a collapse in the USD being the saving grace, flushing money out of Bonds and into equities. That would certainly result in a bit of Forex protectionism, making US goods more competitive. Hawk

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