Replies to post #29298 on Abet Chichi2 (Chichi2)

[RCKS]

be patient.
This is expiration week.
The spx contracts expire with the open tomorrow or essentially the close today. Movement comes with freedom to move.
Here is an article that chainik posted on Justa's Dive Board.

http://bespokeinvest.typepad.com/bespoke/2008/05/1990-all-over-a.html

[chichi2]

Bob3, i think the Fed $$ kept us from going Down which we were setup to do.

The markets didnt seem to even consider going down, and i did not say it at the time, but i felt that CNBC hid the Industrial Production numbers which were released 15-20min before open until After Open, so there was a little up before they were talked about, they sort of in an aside said Futures dropped.

Then aft Fed work we get the slow climb is as i called it, IF, we had a catalyst of something.

my gut is searching for why the Fed contributed.

Bob, You may be right, but do you have any reasons for all these various actions? Why fed? Why mrkt going up on a Thurs?