The Expiration Dance

As has been discussed in many media, traders have been pumping this market into triple witching on light volume against serious headwinds in the form of economic numbers, of which this morning's are only one in a series.

But the attempts are increasingly unconvincing. I would say today is critical. If we sell-off, those who have bet on driving things up into the close tomorrow may bail.

Certainly seems to be happening to my HOV position as I write...

 

here we go with the end of day pump...

is this fucking predictable or what?

i'm very curious to see whether this works today.

 

and again....

 

Gotta keep Ma n' Pa Bagholder holding as long as possible.

 

So the last 10-15 mins everyone decided to jump in and turn the markets green.

 

Correct: The market did not go down today!

 

Question is: will this fool Asia or Europe?

 

did you enjoy the ride down to 1102?

everyone says how predicable it is but drives a 1996 Volkswagon.

 

You must have missed my post where I declared that we are back to "buy the dip" mode.

 

I am short HOV and it did *not* rally into the close, far from it. I do not see this as buying the dips so much as frenetic bot pumping in a thin market into Fri.

Tomorrow will be very interesting.