Thursday, September 8, 2011

The market was waiting for Bernanke's comments

The speech was released from embargo at 1:30... look at the SPY chart
The market started to drop on high volume at exactly 1:30

Boy, someone reads speeches REALLY FAST. Or Perhaps an embargoed speech just happened to slip in to someone's hands on Wall Street, thus the acton this morning... Maybe setting up a nice bulltrap?

It's happened before.

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