My comments in the link still hold true. They were at it again using the INDU 121 point rise as a red herring to obfuscate the crumbling NYSE and NASDAQ infrastructure. The INDU jam job was massively non-confirmed by the bad breadth on both the NYSE and the NASDAQ, the large jump in NLs along with a concomitant decrease in NHs on both the NYSE and the NASDAQ, negative COMPQ and much more negative and weak NDX, Rut, NYA, VAY (Value Line Arithmetic Index), SPX, TRAN, and UTIL among other non-confirmations. IMHO, the purpose of the INDU rise was to keep traders and investors from selling, give false hope, and to mask the broad sneak down on light volume of NYSE and NASDAQ stocks. IMVHO, this is just part of standard merchandising operations. IMHO, the MMs and the PTB have raised the INDU and thus traders' expectations for a large upcoming rally based on the resolution of the egregious bailout package. IMHO, this is a sucker play and a major set up. The players have already telegraphed the time on Sunday by which they strongly expect to resolve the differences over the language and provisions of the bailout, aka giveaway, package. The "obvious is obviously wrong;" the bait has been set, don't fall into their trap-caveat emptor. They have already exhorted traders and investors to buy on the rumor and regardless of any possible initial distribution and short-selling rally by the MMs and the PTB to entice the gullible to buy into their propaganda, they'll pull the plug and drop the guillotine on the traders and investors after they've distributed their stocks and stock-index futures contracts to those traders and investors and then sold stocks and stock-index futures contracts to traders and investors to profit from the ensuing decline when they pull the plug.
Cheers,
Bob-C
