THIS DOW CHART LOOKS... WELL, FAKE...BUT ALSO LIKE A "BUY THE RUMOR...SELL THE NEWS" CHART.
THERE COULD BE SOME SELLING KICKING IN AROUND 1PM...IN ANTICIPATION OF THE SELL OFF COMING AFTER THE FED KOW-TOW TO WALL STREET AT 2OCLOCK...
I MEAN EVERYONE WHO WANTS TO BE "IN" IS IN...BY NOW.
AND THE ONLY PEOPLE LEFT INTRA-DAY ARE THOSE WHO WANT TO DUMP BEFORE THE CLOSE...
AND NOT HAVE TO WAIT FOR TOMORROW MORNINGS DISASTER DU JOURE...
I MEAN HOW STUPID IT WOULD BE TO THINK THIS IS AN "HOSANNA MOMENT" FOR THE STREET...
ALL OF THE UNDERLYING NEWS...MOST OF IT IGNORED TODAY...IS BAD!
THERE IS SOME ATTEMPT TO "SPIN" THE BROKERAGE NUMBERS aS "BETTER THAN EXPECTED"...
BUT THAT AND FOUR BUCKS WILL GET YOU A COFFEE AT STARBUCKS...!
