Quote from S2007S:
if they rally this hard into the close it could be a big up day tomorrow.
Quote from piezoe:
Looking at the ER2, these kinds of last hour, abrupt rallies up from lows after being down all day don't seem to be portend much. The rapid jerks upward suggest to me that there are some short-covering stops being taken out on the way up, but there must be more to it than just that. Someone else here suggested it might be program buying by hedge funds. I really don't know, other than it does not look like typical price movement from "normal" trading activity, but i do know that we should not read to much into these last hour thrusts upward. Who knows what tomorrow will bring?
Quote from piezoe:
Looking at the ER2, these kinds of last hour, abrupt rallies up from lows after being down all day don't seem to be portend much. The rapid jerks upward suggest to me that there are some short-covering stops being taken out on the way up, but there must be more to it than just that. Someone else here suggested it might be program buying by hedge funds. I really don't know, other than it does not look like typical price movement from "normal" trading activity, but i do know that we should not read to much into these last hour thrusts upward. Who knows what tomorrow will bring?
Quote from stock_trad3r:
Still sticking with 15000 dow
The fact that we rebounded so strong into the close indicates there is sill strength in spite of the gloomy headlines.
The cheap dollar will ensure tons of revenue and growth for 2008.
You clearly have no idea what you're talking about.Quote from stock_trad3r:
big money digesting news and realizes that the selling was overdone.