Another absurd post full of ridiculous logic . . . "I believe that the trend is down . . . but I will sell my inverse funds tomorrow on a weaker opening." So much for the trend being down. Blah, blah, blah.
May 6 was a huge headfake. When I saw the squeeze from Fannie Mae, I was sure something was up. Their results were almost catastrophic, then the shorts got squeezed hard pulling the indices up with it as a hedge. With many other things lining up, it was only a matter of time for the prop up to break down.
And I am meeting you with a full one! Cheers buddy I will take care of the bill (using bull's money) PS: R U who I think you are?
"No one saw" that is not true. Few people saw it (OP, Rice*, myself). For myself check my call's today in response to Rennick out at 9:56AM. He said up, and I told him no down.
RiceRocket: Headfake is exactly the same term I also used (it is in my comments today in Rennick Out/ my threads on NDX). A lot of people seemed to be so sure that it is slam dunk for them on upside. I checked the volume and to my surprise people seem to have gotten the message only after the previous day low was broken. A lot of today's volume (on QQQQs) took place below yesterday's low (where most stops seem to be placed I guess).
Today was massive volume. Yes, it was quadruple witching, but still. Capitulation (intermediate term) selling of equities? Anyone?