Afternoon Rally?

Discussion in 'Chit Chat' started by MrDODGE, May 4, 2009.

  1. 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?
  2. Pekelo


    I typed your question into this:

    It said yes....
  3. Is this anything like Jeeves II?
  4. Rally on market, rally on

    I can see those green shoots growing!
  5. Hold you nose and jump in.
  6. Sounds like muff diving
  7. Pekelo


  8. 50 points range in the Dow for the last 5 hours.
  9. 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.
  10. Stop 8280.
    #10     May 4, 2009