Quote from piezoe:
Perhaps the fact that this is triple witching Friday has something to do with the odd behavior of the market and giving the ball a rather hard time. It seems there are forces at work that do not want the market to go down precipitously before friday, and are making an effort to prop this mess up in the face of monday's 500 pt down day. It seemed so odd to me that the market closed strongly in the face of the Fed holding the line on rates. Something is not right here. I need a couple aspirin.
market was behaving exactly the way it should from a technical point of view. There is nothing wrong with the market (despite all the insolvency news). The charts were even saying that it could be worse.
