Why is the market rallying?

The sellers look sold out and over powered.....but still a bear market rally til we get higher lows on a longer time frame and will trade it from that side til we develop a tradeble trand.....

It does help that UBS cut off the stock borrow dept and will not lend out to short sellers over in Eurpe and than they right down $19B than rally so this news did not hit the markets and thus something as changed and thus now bad news is good news and watch out above..... can you say short squeez.
 
Quote from WyckoffTrader:

The sellers look sold out and over powered.....but still a bear market rally til we get higher lows on a longer time frame and will trade it from that side til we develop a tradeble trand.....

It does help that UBS cut off the stock borrow dept and will not lend out to short sellers over in Eurpe and than they right down $19B than rally so this news did not hit the markets and thus something as changed and thus now bad news is good news and watch out above..... can you say short squeez.
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Quote from xflat2186:

Nice post well said.. the "more buyers... " is sort of a joking statement. IN fact sure there are two sides to each trade but on days like today the buyers are more varied and the sellers are generally the liquidity providers. I like your analogy on stocks, for what my 2 cents is worth
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Exactly. It is really more about lifting the offer more as opposed to hitting the bid but the more buyers/sellers analogy is pretty understandable to most folks.
 
Quote from brocklanders:

Exactly. It is really more about lifting the offer more as opposed to hitting the bid but the more buyers/sellers analogy is pretty understandable to most folks.
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Your right about that offer getting lifted. I have seen 4800 on the combined ask get taken out with 359 lots getting hit, and the ES moves up 4 handles.
 
Sucker rally to bait in dumb money to go long, clear out some short interest, etc...


Looks like good time to add some inverse funds at EOD.


Waiting for 12,600 then start throwing some red candles to mix it up.

A rally is needed so more shoes can drop next week. Wouldn't be fair to bulls.:)
 
Quote from pumpanddumper:

Sucker rally to bait in dumb money to go long, clear out some short interest, etc...


Looks like good time to add some inverse funds at EOD.


Waiting for 12,600 then start throwing some red candles to mix it up.

A rally is needed so more shoes can drop next week. Wouldn't be fair to bulls.:)
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You mean earnings warnings? If profits falter we may be in trouble. I think Bush and Paulson may have given a wink and nood that compinies can fudge a little if they want, wink wink.
 
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