Thursday, November 18, 2010

Running Up the Score

On big up days, after the first hour, strong markets tend to keep going higher and higher finishing with an uptrend into the close.  I am a bit surprised we are not trading above 1198 after the strong first hour.  It looks like the bots front run the day's rally immediately snapping up shares when they recognize a gap up and run higher day.  Then they unload later on in the day.  The bots are probably the ones selling here in the past hour.  Tomorrow should be flat to down.  We may gap up, but it should be filled quickly after the open.

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