Yes, I thought the tone of the market was exceptional today. Every time they went to sell large size, there were buyers. Every seller, all day was met with buying, and if not for options expire, we would have had a huge day. Look at gold, its telling us all is well with the world. Monday will be the biggest rally of the year.
That's like saying if there were no sellers the market would have rallied. This break is just begining.
my opinion is that you are wrong; however, if we get a handful of strong up days in the next 15 sessions i think the trend will have reversed. if we do not get upside follow-through on heavy volume, the rallys are more oppurtunities to buy puts. just one man's opinion. edit: i would also like to add that the only reason we are up right now is because of all the pre-market futures action. think of this morning's premarket like pouring gasoline on concrete. after a while, one spark will set off the fumes and cause the gas to explode, but eventually it will burn out. the PPT at it's finest! :eek:
Guys, give it a rest. Stock777 nailed it, end of story. Dow is up 140 points in 90 mins. Once you are wrong, it takes a man to acknowledge it. Grow up and congratulate Stock777 on the good call...
Pekelo, now we know who sells into these rallies. And it would be good if you got a quote feed so you could see the volume for yourself.