Spain will be rescued over the weekend, big rally Monday, basically 'cuz no one in Europe has a choice, which is the only time they do anything. Kinda resembles that swamp over in DC that way. Weekend after is the Greek Weekend. Hold onto your nuts. Or whatever it is you hold onto when the waves get high.
The initial reaction will likely be positive, but they'll start hitting bids on the debt immediately.
I sense that people have started to realize that it was wrong to think short side last Monday (which is the bottom so far), and they still seem to be wearing short and may even be "swearing" by the next level.
anyhow, business as usual shorting some aapl at the open with an initial stop around 650 and an add at 530 or 630 (whichever comes first)
After one hour, market down -.25%. Who are these people selling it at this level?They could have sold it way higher at the open.
tradinjournals: fear, greed, because they think it will go even lower, stoplosses hit, adding to short, some hedge fund manager thinking: 'screw you guys, i'm going home' you know: the usual reasons