Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 677.56

-2.0%

Jan 20 4:00 PM EST

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To: FCom777 who wrote (47758)	3/23/2013 1:56:39 PM
From: Harmens	1 Recommendation Read Replies (1) of 222099

FCom, IMHO, the big spike in DOJ at the end of Friday, March 22 was not due to shorts covering. Here are the data: Everything happened in the last 3 min. Usually, the short covering starts at around 3:20-3:30 and zig-zags into the closing. On the graph above you see the spike at around 3:40 - it's short covering. What happened in the last 3 min is the index manipulation. MMs put, say, 200K on the BID, keep raising the BID and ASK runs up-up and up. The volume at the end of the day was not spectacular. Just compare last 3 days: I think, the following volume evaluations are more important: : And this: : Regards

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