Any ideas as to what was this At 5:am pacific time NQ up like a rocket? and at the open down like a rock
The big guns game the market higher in low volume so they can hammer during regular trading hours. Essentially, the commercials are accumulating short positions in the higher edge of the weekly range looking for a possible break down in the days ahead. They also scaled out some of their positions at the lower end of the range to increase their position trade cost basis. Search for AMT4SWA in ET. Also, google fulcrumtrader if you want a more in depth explanation.
Please don't tell this to ByLoSellHi. We're in for the mother of all depressions and market crashes. Someday. Maybe 2012. Yeah. Load up on food and guns. So making money in the market is really a moot point. Yeah. Someday. 2012. Maybe is has already started. I noticed in the store the other day they were out of ground whole wheat 9 grain with berries and oatmeal lined bread. Could be the start.