The Invisible Hand

Two identical buy programs within 10 minutes one day apart.  Two near identical reversal days.  Really?

Could be late day buyers.  Could be a Berlusconi rally (whatever that is).  Could be targeted buy programs looking for complacent shorts.  Whatever it was, it wasn’t natural.  Amongst all the tension and possibilities of in Europe this market still wants to go higher at any cost.  Natural or not, the market is the lead dance partner.

Read also: Hand Crafted Short Squeeze Reversal (DynamicHedge)

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