I wonder if we see an orchestrated rally at 2pm today?
lmao.I don't think so pal.
Normally, MMs will do a nasty quick reversal briefly on their way to rally or tank, but today, it just sold off straight at the end.
no way in hell there's gonna be a 2pm rally. Maybe Thursday or maybe when DOW hit 78 or lower.
On second thought, we may be getting that 2pm rally. I'll have to wait and see what that first hour candle looks like and see what follow through materializes in subsequent candles.
Seemed like as good a day as any to try and prop up the markets given the news that the economy is officially in recession and Bernanke stating that zero bound is basically an eventuality, imho.