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Post# of 275594
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BuzzOnDaBeach

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BuzzOnDaBeach

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Re: Rawnoc post# 170870

Wednesday, 10/15/2008 10:12:45 PM

Wednesday, October 15, 2008 10:12:45 PM

Post# of 275594
No, actually, futures were down in negative territory already. And I said this the day of the big rally. Nothing but a snap back. Most suspect was it happened on a day the bond market was closed.

Generally speaking, bull markets do not have rallies like that, and they never begin with days like that. Those days occur in bear markets, and at the very very end of bull markets - buying capitulation.

Most obvious was volume in futures on Monday. It was the lowest in two weeks. Snap backs aren't caused by buying. They're caused by short covering.

Buzz
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