Quote from Lawrence Chan:
In old days, all it takes is to paint IBM to keep dow staying green.
Now, you need to buy the junk yard collection - the financials. =)
And those who paint the tape are not likely losing $ on these purchases too because they can hedge.
Once distribution is done, they pull the rug.
Sometimes this kind of distribution may last 2 to 3 days.
Old tricks not used for several years already ... making me feel old. =)
Edit: we are STILL holding triple green, no cigar for the shorts