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Friday, May 29, 2009
Coma
That girly scream you just heard was me startled from my coma as Timmy backed up the dump truck full of cash and poured it into the market in the very last minutes of the trading day. We just went on a 22 point S&P ride in a heartbeat. The futures hit 926.5 momentarily and the 200SMA is officially at 928ish. My guess is the market will open for a few seconds above 928 and then deflate like a punctured balloon. Time will tell, I'm going back to sleep. Good luck.