Seems like there was a huge down move at the close yesterday that could have been due to margin calls as previously mentioned and mutual fund liquidations. I was reviewing the cash charts for $inx/$spx and it seems like any intra day chart will show you that we closed well above 1106 yet every major reporting service, bloomberg, cnn, etc reported an 1106 cash close. I am still puzzled by that discrepancy.
I'm not sure if things have changed since I got into the site but you probably didn't miss much. To much distracting chatter and the calls were always after the fact. They did try to sell me a trading software. It appeared to work well but at the time it wasn't a good choice for me.
I have 2 different data and cash was no close to 1106. Weird What surprises me even more that there was not any forced liquidation at the RTH open today. /unless brokers liquidated SHORT positions of prevalently long portfolios what will explain rally from start/. I had plan for today go short in begin and try stay in position, if out find some late midday pop and try reshort. But I expected wild swings, forced rallies ending with big jumps down, etc. Today it looks that PPT is full in control - as minimum until now.
I almost posted that I agree, but I didn't want to jinx it, and now it started to look like an ascending triangle ready to break out upward... yeah it closed around 1118 and I was surprised this morning why they show it so much up compared to the futures...
after all the lies ,"if we dont pass bill,we'll have a depression"/the house and senate came to agreements on sund nite/ noo one knows what's going on,in "87,this was over in one day,todays small rally indicates its not over,and cash is staying on the sidelines
Well, it did shortly after I posted... Lately the ascending/descending triangles have worked pretty well, this was the 3rd one in a row, I think...