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I have a new name for Pekelo since he refuses to ever post a trade - real or not! S.A.G. Sell Appointed Guru We should all be thanking our lucky stars we have him around to help us make money! :eek:

WFC downgraded to sell by Dick Bove was original trigger

Anyone having a connectivity issue within last few minutes?

Is this an add? Are you not still long from here?

Just keep posting, its like spaghetti, eventually something will stick....

Re: hedge funds have to buy That is also assuming the market either stays around here or moves higher going into year end. We get back to where the S&P is up 5% or less on the year - or heaven forbid for all the bullies negative - all the performance chasers are going to go to the wayside...

Easy to do great without any stops ever posted eh?:D

Like I said earlier - bears making more of a stand. Not refuting that bulls have been winning hand over fist for a long while now, but there was some good selling going on this morning.

Bulls been in for months - looks more like bears making a stand to me - they lose should be another move north.

USD getting murdered to force a squeeze for a month end pop. Totally nasty.

To my untrained eye looks like they might have taken the other side of the trade finally

This market is completely void of sellers.

Not open now :p

Are you serious? You are going to trade pre-market and not really know what's on deck???

That was some serious stop running me thinks....

Decent H&S formation lurking on 4 hour chart - right shoulder being formed here but it needs to hang out for a while (time wise not really price) to broaden out the right shoulder so that it matches the left. Uncanny squeeze this morning.

Interesting action in the strength of the dollar today vs the strength in the equity market. Either the correlation ain't working or one needs to adjust rather substantially...

I know it's stupid to think this market will ever go down again but but but - does anyone think that the .382 retracement from 1576 to 666 today will have any significance? We went slightly above it but are right below for now. Hard to imagine long term holders from last year won't be taking...

Morning selling then buyers step in, rinse repeat....

Nice inverted hammer...