Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: LTK007	8/1/2007 5:23:56 PM
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Jam on SPX in last 30mins was AWESOME(and $NYA was SURREAL in last 34 minutes) massive program buying from point that SPX had cracked its 200ma. i have to switch to SHORTERM bullish. When they protect the 200ma like that, with a Hammer of Thor buying flood in the last 30mins, they are not going to let this market collapse. SPX exploded from 1440 to 1465, with heavy volume--that spells C-A-V-A-L-R-Y.Max BTW, the biggest source of action came from NYSE, as the $NYA exploded from 9410 to 9573 in 30 mins plus a bit.THAT IS 160 points in about 34 minutes!!!!!---i quietly repeat NYA moved up 160 in 34mins.Max

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