What caused this huge rally after 1PM ?

[ProfLogic]

Quote from Hombre:

I would really want to know .
Thanks.

Bush spoke and reminded everyone he is a lame duck and will be out of the office soon.

 

[MrDODGE]

You don't have to look any further than INTC to see the irrationality.

 

[craneman]

>>squeeeeeeze<<

 

[Stok]

The market always does the opposite of what the majority thinks...Been doing that since the beginning

 

[cunparis]

The downside push was getting weaker and weaker. That was seen by the decreasing volume and all the positive divergences in the indicators. So buyers were just lying and waiting. Stalking. Once it hit the lows the buyers started scooping up the bottom.

If only I had put in a buy limit order for 830.

I think this is a temporary bottom. We'll be back for the 2002 lows next year.

 

[stevegee58]

EUR/USD just shot up 100 pips in 10 minutes in the same time frame.

 

[oktiri]

Quote from MrDODGE:

You don't have to look any farther than INTC to see the irrationality.

Yes. illogic

 

[riskfreetrading]

Quote from oktiri:

The Rally was caused by nothing. This market is totally irrational and fear driven

The market is perfectly rational (according to its own rules, not the outside rules).

 

[Hombre]

Quote from GermanTrader:

I could tell you, but then I would have to kill you.

Ruhe und raus du kohlkopf !!!

 

[riskfreetrading]

Quote from Hombre:

I would really want to know .
Thanks.

what do you think will happen at a bottom when sellers are eliminated./exhausted?

A: a V shape bottom. That is what you got.

R U long?