Tuesday, May 11, 2010

Rats Have Jumped Ship

There is no real demand.  The rats, umm, bots, have jumped ship and unloaded their inventory and have found no bidders underneath.  That is what happens in a bot driven market.  The market keeps going higher until the uncle point for shorts and then reverses and goes straight down until the uncle point for momentum buyers and then real buyers come in.  Everything in between is bot driven.  I still think we will go to 1180, this is just a detour. 

3 comments:

Petsamo said...

I hope we pull off a Hail Mary and gap up tomorrow and rise all day.

Anonymous said...

Market owl is traumatized ... man this has been and will be a computer controlled market - if u were not aware of it, good we had that action on Thursday.

Pet ... think about all those "stopped" out losers - they are traumatized and won't join this game for a long time. It's just as bad as March 09 lows - dumb money will leave this casino.

Petsamo said...

I disagree Anon, real traders will just put those losses right along with "dumb mistakes", and continue on.