Today's rally about nothing has a lot of people wondering...
But the market masters seem to be obsessing with keeping the Dow above 11,000.
Everytime to Dow slips below 11,000...there is an amazingly strong rally within days.
My hunch is that the market masters realize that "the jig is up" and they want to preserve the old joy as long as possible.... And probably DISTRIBUTE SOME STOCK!
Today's rally was "frozen" in place by noon....and stayed put for the rest of the day...and the volume was low...
This is usually a sign that some "distribution" is going on...and the "smart money" is leaving...but without showing signs of panic.
IF THIS IS A DISTRIBUTION PHASE...A SUBSTANTIAL DROP COULD BE COMING LATER THIS SUMMER...AS THE MARKET BECOMES MORE DISORDERLY.
