Afternoon Rally?

We have seen this same chart pattern over and over for weeks now. The market jumps in the morning on short covering and then consolidates for a few hours, only to return to rallying in the afternoon. I see no signs this won't happen today. Even the index future charts are showing the same pattern as they have throughout the entire rally.

Will we see another afternoon rally?

 

I typed your question into this:

http://www.wolframalpha.com/

It said yes....

 

Is this anything like Jeeves II?

 

Rally on market, rally on

I can see those green shoots growing!

 

Hold you nose and jump in.

 

Sounds like muff diving

 

...and it has been right.

 

50 points range in the Dow for the last 5 hours.

 

No sellers only buyers. Buyers loading up for another 100 point move high into the close.

Long YM 2 contracts 8320. Selling both @ 8380 right before the close.

 

Stop 8280.