They are still trying though...I see bids coming every now and then...probably will give up and capitulate at 2-3pm.
It dipped below 43 for a few seconds, and immediately came back up with nearly 3000 in bids at 43.02 and only 71 asks (this changed as soon as it moved a penny, just illustrative). No clue what it will do at 3:30 but it is definitely holding the line and reversing upwards now.
yeah....i don`t think it will close below 43 today......(and the santa claus rally could hold it up for 5 more days) of pure manipulation.....but beyond that the trend is down.........and we will be well below this point at options expiration january 07....which is what counts.....the trend between the month`s option`s expirations between dec. and january. http://stockcharts.com/h-sc/ui?s=qqqq
i don`t know...i`m watching the snp500 pattern today....we are close to taking another leg down today from here...at this point the chart looks very much like it could break to the downside.
just as i speak, we have a nice buy play.....1412.93 being the level for upward breakthrough against the downtrend to keep the market afloat a little longer.....but we will break 1400 in the snp`s pretty soon as well, definately by options expiration.
upside buy play broke through daily downtrend line......so looks like we will not get much follow through with this selling. we were this close to doing some real damage today, but couldn`t bust through when we were down like 76 points in the dow about 30 minutes ago. A buy program came in to save the day.
Those long should cover now...not much liquidity for the rest of the day...2 points of the low is the best you are going to get.