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Rally in the last 10 minutes raised many boats. At the close:  DJIA +0.5% to 8017.59....

Rally in the last 10 minutes raised many boats. At the close:  DJIA +0.5% to 8017.59. S&P +0.97% to 842.50. Nasdaq +1.2% to 1621.87. 
Comments (5)
  • AndrewBaker
    , contributor
    Comments (2416) | Send Message
     
    This is going higher on Monday. Don't know why, can't say why, totally illogical, as any good Vulcan would say; but it's going to happen!
    3 Apr 2009, 04:24 PM Reply Like
  • metricon
    , contributor
    Comments (91) | Send Message
     
    True. It should offer an opportunity for many people to unload some of their positions and pick them up in the correction that will follow. Until the Markets have some logic behind them, it make sense to sell it in strength and buy it in weakness.

     

    On Apr 03 04:24 PM AndrewBaker wrote:

     

    > This is going higher on Monday. Don't know why, can't say why, totally
    > illogical, as any good Vulcan would say; but it's going to happen!
    3 Apr 2009, 04:37 PM Reply Like
  • Eric in IL
    , contributor
    Comments (98) | Send Message
     
    7500-9000 on the Dow looks like the new range. And I think the VIX is going to trade in a tighter range 35-40 range. for the next few weeks. Then we'll find out if we re-test or gap higher. Being short here is scarier to me right here than being long.
    3 Apr 2009, 05:45 PM Reply Like
  • j_remington
    , contributor
    Comments (1343) | Send Message
     
    Markets cannot be trusted at the close any longer. I see manipulation by index futures (buying.)
    3 Apr 2009, 08:27 PM Reply Like
  • thotdoc
    , contributor
    Comments (1826) | Send Message
     
    Please help me out. When did you think you could trust the markets to really be efficient engines, as they have been sold to retail investors? What is your surprise?

     

    I suggest someone, not me, I'm too new at this, describe how the market is manipulated and when is it manipulated. I truly know nothing. I see something happen in the market and think it's a sign of sentiment change and it turns out to be the day that fund managers need to "window dress" their numbers.

     

    I believe there is a lot of historical knowledge that new investors..too burned over "buy and hold and trying for themselves now, ned to learn.

     

    Thanks,

     

    G

     

    G

     

    On Apr 03 08:27 PM j_remington wrote:

     

    > Markets cannot be trusted at the close any longer. I see manipulation
    > by index futures (buying.)
    4 Apr 2009, 10:50 AM Reply Like
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