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To: NucTrader who wrote (358631)2/20/2008 6:47:21 PM
From: KeepItSimple  Read Replies (2) | Respond to of 436258
 
Soo, does that mean tomorrow will be a 500 point up day, which will be a real fakeout before a multi-month collapse?

Or will tomorrow be a down day, which will be a fakeout, meaning we're going to have a multi-month rally?

Today was one of the weirdest days I've ever seen in my 15 years of investing. The news starting at 3am from asia and europe was just fucking horrible, and today's news in the USA was even worse.

And then all of a sudden, as Bob Pasani said at 12:10 some anonymous player bought ungodly amounts of spoos futures and the market soared. then same thing happened twice more in the afternoon.

The funny thing is if you look at Cisco, for example, the average daily volume of the last 10 days was 90 million shares. Today it was barely 68 million.

All these big cap techs were going up on no volume..

Either the market is rigged and someone tried to fake all the bears out TODAY, or we really have hit a "V" bottom and it's all straight up from here.
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The fakeout often takes it to the outer BB of the misdirection. Based on that, today was not the fakeout...TOMORROW, however...