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Looks like the Plunge Protection Team may have engineered this rally starting at precisely 2pm.Many of the charts for the various broad based indexes, i.e. SPY, QQQQ, and ETF's, i.e. XLF, XLU, XLB, appear the same.That's what me thinks.It's our "free markets" at work.http://www.geocities.com/up_ten_and_shift/diamond.png
Theres no justified reason why we went up 900 yesterday, other than panic. And I wouldnt call it a suckers rally, panic took it down remember. Id stay long and wait it out your playing with fire if your short here.
I expected a big rally after the interest cut but its slithly going down instead...lol