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Decent inverted hammer on 60 Minute chart - perhaps the start finally but at this point bullies still have the mojo.

Amen to that!

You've also been thinking short since at least 860 though right?

Bullies got their close above 876 but the volume was one of the lighter days of the year - just below 1.3bb shares. Nothing can stop the train.

A bit of a side note but something to pay attention to - MA has been hugely bullish in price action - they reported this morning and beat nicely but the stock is down about 8 bucks. Definitely worth keeping an eye on because its such a big name. Just an idea.

Definitely some sellers hitting europe's indicies on the close - nothing huge but probably affecting us a little.

Shorts don't cover primarily through index futures once the cash market is open.

Unreal buying to keep us up in the index futures. Hard to imagine anyone with pockets that deep. At 883.

Looks to me like some shorts are throwing in the towel this morning - volume is incredibly low given the news. Hocus pocus end of month mark up - then come back and reevaluate. The good thing about shorts giving up is that hopefully they will no longer be forced to deleverage and cover - and...

One side is going to win or lose today - got about an hour to see which it is - should be interesting.

Now the market has to break up or we will have a failed breakout.

NQ tagged 200 day- still no sign of selling.

Well they filled Friday's gap - only lower gaps left now.

Cash market volume is incredibly light - just noting. The big guys come in and could swamp it. NQ SOOOO close to 200 day ma on daily.

So should I short here or will it be higher by then? lol :p

If you are talking about the massive IHS on the weekly I think everyone sees it but it really needs 800 or lower to actually make the right shoulder. If you are referring to a IHS on a shorter term TF disregard.

If we're going to go higher today is the day - imagine what would have happened had the GDP numbers came in inline or better than expectations. All news is good news. If bulls cannot do it today I would expect the bears to finally show up - they have been in hibernation for a while.

The big announcement (presentation) on their drug comes out later today - however media embargo on the info lifts at 2 pm EST. Stock has gone from around $4 at beginning on month to 24 earlier today. Pretty funny if you ask me - anyone in that was completely playing with fire - multiple...

:D

Clueless - action seems completely unnatural to me. DVOL to UVOL about 3 to 1 adn the transports are down almost 5% but the rest of the mkt barely bats an eye - something feels very weird. Not to mention there were all kinds of sell imbalances are 20 til the close yet they were soaked up and we...