Just trying to save face... Or trying to make them complacent and setting them up for a trap... Or... Who the hells knows
Sell the rumor - buy the news? Have to admit it was surprising we didn't get even an initial smaller gap down. I'm guessing lower again at some point, but it's smooth sailing higher for now. Can't argue with the market.
This looks more like short covering than bargain hunting. Anyway, we'll probably see 5200 before dipping back down.
Oh, just found out my long got filled at 5173. Sorry, slow evening. Anyway, plan to flip back to short at 5200.
She's taking a beating early. Currently tumbling at 5180. Globex low is 5170 and Friday's low @ 5150.