Short Covery Rally in the morning

Vicious Short covery rally is gonin on this morning
60% of volume belongs to decline volume which tells me this rally is tough to stay for a long time.
Good luck out there!

 

Greenspan is in the house.

 

its just an intraday rally at this point. But, I'm looking for a bottoming pattern to form in the area of 7500.

 

Some shorts are covering in case the Fed makes a move.

 

How do you know 60% volume is decline volume? Thanks.

 

Check Tomorrow Wallstreet!

 

It is very vicious & straight up rally which gives very skeptical impression. A lot of headgefunds were freaked out & try to cover their shorts. Let's see how it goes......

 

nice rally, hope this 1 for real

 

nothing like a 9ish% rally in the Dow futures from the overnite lows.

 

This market isn't going to rally because of an event. Its a process. There is no one day that is going to mark the start of a bright new day and the end to this bear market. But it always makes me smile to hear that kind of optimism....... ;-)