Late day Ramp Job

At the end of the day today, as I mentioned, there were no 3C positive divergences to suggest a move higher like that, but there was a volume pump which is usually a tell-tale sign of retail chasing prices higher, Institutions don't chase, they're in early before anyone knows what' going on. However, real or not, there was a leak that Bernanke will announce the possibility of more QE on a Sunday morning talk show.

Rumor or fact, we'll find out soon however Bernanke may have trouble with such an idea with new voting members coming into rotation in the Fed in 2011 that openly oppose this QE, ad then there's the Republicans that would like to strip the Fed of a lot of it's powers, or rather... mandate. They'll have Bernanke on the hot seat ASAP.

I personally don't believe the path of least resistance would include more QE.

Here's the article