<<The fact the market reversed means nada in this day and age of Manipulation, manipulated money and manipulted markets >>
That might be true, but then the same argument can made by those who feel the gap down was manufactured and manipulated.
On the "rally in trouble" side of things, the put call spent all day around .5, and closed under it (.47, I think). That's a lot of optimism. The VIX closed up. . . but down about 4% from its high. The S+P futures sold off from 4 to 4:15, but the NQs didn't. The SOX didn't close at the high, and the banks were down.
On the flip side, the Naz is over the 50 dma. The reversals in the dow and S+P held. MSFT and GE closed near their HOD's. And the Middle East is giving the market a wall of worry to climb (that will shatter, of course, should either side there escalate the conflict to a new level).
Big storage conference tomorrow. Expect news from all the SAN suckers. Also a healthcare conference, I believe.
the freep, who wonders, just who is this "Hugh" who makes so many market moves??? |
