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Strategies & Market Trends : Waiting for the big Kahuna
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To: John Carragher who wrote (74703)2/28/2007 7:46:58 AM
From: Real Man  Read Replies (1) of 94695
 
Right... It was the other way around - sell orders that were
frozen, then allowed to proceed at 2 p.m.
There are no bears - the Fed manipulation of these
markets over the past 3 years killed them. So, everyone
was caught on the wrong side of the boat, long these markets.
Guess they wanted to buy more, as this selloff provided a
nice opportunity -g- I'm sure we'll see a very large
printing effort on part of the Fed today, and a decent
rally. This is the ONLY thing keeping these markets up.
Of note: of the first 40 SP points advance in July 37 points
just happened during the night in the futures. So, guess
what's going on with the futures now? -g-

There is no other support but the Fed now. The only ones
that can buy into declines like Yesterday are the bears
who take profits on their short/put positions, because
of the fear of a sudden rally caused by the PPT.
No bears are present today.
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