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.
Quote from Apex Capital:
For the last 20 years, any market decline that lasts for the better part of the entire day, usually sees a short-covering and bargain-hunting rally that starts at 2:30PM Eastern Time.
Any student of the market for the past couple of decades will have noticed this.
Nothing new, nothing bizarre, no conspiracies, just the way the market acts during a bearish short-term trend.
Quote from Apex Capital:
For the last 20 years, any market decline that lasts for the better part of the entire day, usually sees a short-covering and bargain-hunting rally that starts at 2:30PM Eastern Time.
Any student of the market for the past couple of decades will have noticed this.
Nothing new, nothing bizarre, no conspiracies, just the way the market acts during a bearish short-term trend.
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.