Talk about volume rebates! Any longs in there were taken out, shorts who jumped in where taken out on the upside move, longs who came back in where crushed again and any shorts who entered on the last move, may very well be crushed early next week.
Could they put their stop at a more obvious level? Heck, I can see the book for several levels, W.S. has the entire book, they (Wall Street) would be fired for not hitting those stops and generating the volume rebates that probably just added up to millions of dollars just in the last 10 minutes.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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