Thursday, November 26, 2009

Is this manufactured?

SP futures are currently down about 25, probably will be down more by Sunday's open. This action reminded me something Atilla posted back in the summer:

Someone betting on a bloody thanksgiving

I am sure he already forgot about this post but I have no idea if this is a manufactured move or not. Betting a big money on a very specific bloody day from a few months ahead is uncanny.

We know that bearish signs we got in place exceeded any historical limits of the last few decades but having all in one day, with a delivery ticket on it?

We are short in xSetups, both ES from 1104 and Gold from 1190 area (via DGP). I believe gold will open down huge which will trigger 20-30% drop in a few days to correct the entire parabola.
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