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Friday, February 5, 2010

E-minis [Update 3:32 PM]

[Update 3:32PM: That dropped far. Threw a count out there for pondering. Seems a close over 10K is the target for today.]

Even bigger down volume candles than the previous night.  Big unemployment report coming out and then again, nothing is to be trusted anyway.  The news doesn't matter anyway.  The market moves and then they make stuff up to fit.   We had a hundred news items that could have, in theory, tanked the market on the P2 rally.  But they didn't. Social mood and sentiment didn't care at the time.  Now however, we'll be thinking about all those things plus more to surely come.  

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