Thursday, February 18, 2010

Strange Days

The market seems to be acting very strange this week. Technically speaking the uptrend that began last march has been broken. What is most intriguing is that the market has been getting it's spurts during very small time frames during the day. It feels very artificial. The volume seems to tick up at odd spots with no selling. Almost as if there are select "Ask" hitting. Are we being set up for the next leg down? Are we getting ready for the next leg up? Something is rotton in Denmark. Not sure if the smart money is getting or getting out. The numbers and stops seem almost to0 perfect. First the reversal at exactly 1040 SP500, The Dow closing at 9999.98, The seemingly methodical advancing to the exact next technical levels. The lack of volatility is strange...is there anybody out there? I guess the plan is to bid it up to a point that inspires volatility and actual commitment-the "all is ok" signal. Well....I don't buy it just yet. The last pull back had broken some serious uptrends and is "dead" out there. My "conspiracy theory" side thinks it was easier to prop up the markets than it was to bail out greece and other countries. The latest buying was too organized, too methodical to be an actual free-flowing market. I have seen it before (The PPT). I am going to hold the short a little longer and see what happens (or double up). If they can pull it off...then maybe I'll come back and buy.....Stranges Days Indeed!