WATCH THIS S&P 5 MIN Chart INTO THE CLOSE (SPY) ~ Hedge Accordingly |

Wednesday, March 16, 2011

WATCH THIS S&P 5 MIN Chart INTO THE CLOSE (SPY)

By Hedge Ly | 3/16/2011 12:32:00 PM |

ES_F 5 min

Well well well... what a few carefully timed comments and an extended POMO gets us? The market swooshed off 1275 down to 1255 like it was nothing because bids were pulled..the market got acquainted with gravity for a few minutes...

The market only bounced because of the extended POMO... this in my opinion is a blatant admission the by the fed they are using the POMO to curb market volatility... "pomo extended due to recent market volatility". Enough said.. it worked. Though APPLE still on the lows..

Keep an eye on those reactors..... This morning might have only been a teaser...

Posted in: Chart,nuclear crisis,SP500,SPOOZ

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Wednesday, March 16, 2011

WATCH THIS S&P 5 MIN Chart INTO THE CLOSE (SPY)

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