DOW 8500 or 8000 ?
- Thread starter SethArb
- Start date
with 400 pt daily ranges 8500 could get definitely get hit next week, but at that point I think the shorts will start hammering away.
I posted in a room on Friday at 3:30 PM EST that we were setting up for a Big Monday. I rarely make such calls.
Nothing was guaranteed of course, but you could smell the market manipulators working thier magic and forcing shorts to scramble. As long as nothing really bad happened over the weekend, all they had to do was continue the game into today, and voila, big ramp.
Another few hours of this tommorow , and then the market will have to stand on it's own, without help from the Hidden Hand.
Nothing was guaranteed of course, but you could smell the market manipulators working thier magic and forcing shorts to scramble. As long as nothing really bad happened over the weekend, all they had to do was continue the game into today, and voila, big ramp.
Another few hours of this tommorow , and then the market will have to stand on it's own, without help from the Hidden Hand.
I agree that we have a "hidden hand" at work here, there is a need to suck some money back into stocks on the part of the large investment banks and the mutual funds. Possibly even specialists and market makers stuck with tons of inventory to unload.