What just happened....

Anybody know of a catalyst for the sharp move up......please dont tell me more buyers than sellers..

 

maybe cheney resigned?

 

Just a lot of volume is all I see. Certainly broke the morning downtrend's back. In the maybe category, perhaps a few days of pounding 1220 and not getting anywhere was enough...

 

Looks like XOM may have been the culprit..

 

Maybe heavy buying in the oil sector with oil going over $60/barrel?

 

I love this market, always bails you out.

Phew!!

 

Plus a lot of indexes are beaking out of flag patterns.

PS I had a short sale order on XOM at 57.44 but I got spooked and canceled it. That would have hurt

 

PPT

GS grabbing offers like free rice in North korea. Mystery client.

 

ONLY 6 MORE WEEKS TILL BONUS TIME.

 

Indexes broke out of a 1.5 day consolidation at the bottom of a 4 day channel. don't know what was the cause and don't care either. It was quite beautiful technically speaking

Trent