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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: FCom777 who wrote (47758)	3/23/2013 11:41:22 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222070

I was thinking the exact same thing, I've seen these after hour markets move big time in one direction after the close only to open in the opposite direction the very next morning... it's still a crap shoot no matter how we slice it... and it could also have been shorts covering their day trading positions in disappointment since the market hasn't sold off yet and they didn't want to stay short over the weekend... who knows... GZ

To: FCom777 who wrote (47758)	3/23/2013 1:56:39 PM
From: Harmens	1 Recommendation Read Replies (1) \| Respond to of 222070

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