The opening pop of 400 points looked like it was going to crater midday as gains dropped to only 120 points and then....dovish comments by the FED set off some serious buying and drove the Dow up 619 points at the close. Tomorrow we'll how much of today's buying was short covering and then comes the dreaded Friday which is typically weak to red.
The Ergodics and the ADX were nicely aligned for the afternoon session and volume was about 250% normal ...but I don't think we're out of the woods yet folks.
Note the
Mosaic MR model adopted a delta neutral position yesterday and today...which turned out well with the limit stop on SH firing only 5 cents off the high.
