The Problem is the tape don't show it..but you can bet the DIA tracks it. so look at the DIA http://finance.yahoo.com/q/hp?a=&b=&c=&d=9&e=&f=2003&g=d&s=DIA opened at 96.32 ..closed at 95.92 ---- and look at the SPY http://finance.yahoo.com/q/hp?a=&b=&c=&d=9&e=&f=2003&g=d&s=spy opened at 103.67 closed 103.39 --- Both of them closed lower than they opened.. ---- The run up was in futures and in the thin premarket volume.. --- Also note the daily volumes of both If the rally was for real ( considering the price move ) those volumes should have been a lot higher.. --- In short the futures gaped up things, the shorts stops got hit , and the rest of the day was distribution ( a rope the dope, and hope he don't figure it out trick ) Still the way the tape shows the DJI opening smells like a lot of rotten fish in Denmark. ---- I was looking at the open..the tape was change to reflect what they wanted the mullets to see!! The whole gain in the DJI and the S&P was premarket, and the tracking ETFs show it even though the NYSE skewed the opening print.
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