HAHA flat for 6 hours and 25 mins, the last 5 minutes a surge up to new highs

Discussion in 'Trading' started by S2007S, May 29, 2009.

  1. S2007S


    Wow, all day nothing then a surge up in the last 5 minutes of trading, talk about end of the month window dressing, another complete joke of a market being manipulated once again.
  2. Klamath


    Check the ES volume in the last 5 minutes too.
  3. The fed is fucking with bond yields, too. They thing they're all mighty and powerful, but I would love to see these guys get burned.
  4. S2007S


    What don't they FU$k with is the question.
  5. My thoughts exactly...smacks of desperation.

    To be fair, some are buying purely b/c of inflation (perceived or real).

    I think we're gonna see some downside early next week..followed by more buying in oil, stocks & gold.

    August gold @ $1,000 has the crosshairs on it. DB & JPM would LOVE to slam it there!!!!

    It would be the fourth consecutive lower high (see weekly chart).
  6. They can only float it so long.

    They're trying to keep interest rates suppressed too, and that's beginning to backfire.

    Sooner or later, fundamentals and rationality will trump all.
  7. End of month window dressing.
  8. Some poor sap did not want to be short over the weekend.
  9. whoever is able to move the mkt THAT much is anything BUT poor :D

  10. The last 5 minute bar of regular trading hours posted over 250,000 contracts - a MASSIVE amount.
    #10     May 29, 2009