Wow... that was wild. Yesterday and today.. someone huge gunned the shorts out of the water around 3pm...
This is becoming fun... something really wierd is going on.
This is becoming fun... something really wierd is going on.
Quote from Trend Fader:
Why would the market rally so hard under no news two times in a row around 3pm?
It was definately massive short covering and some type of staged blow out by the hedgies.. there was no catalyst or need for anyone to jump into the market like that. Once the buying frenzy stopped.. market tanked like a brick.
Quote from Trend Fader:
Why would the market rally so hard under no news two times in a row around 3pm?
It was definately massive short covering and some type of staged blow out by the hedgies.. there was no catalyst or need for anyone to jump into the market like that. Once the buying frenzy stopped.. market tanked like a brick.