crazy financial action

Discussion in 'Trading' started by protodigm, Apr 25, 2008.

  1. Financials have been raging wild the past few days, they made a huge jump the past week and again even stronger today.

    They seem determined to break through to the top.

    I can understand why nasdaq or other industries would try to break to the upside but why the sudden surge in high volume for financials?

    Does anyone care to offer a post-fact explanation?

    I got stopped out of my shorts and just sitting all cash now waiting to see what happens. Anyone here shorting hard at this point?