Today Click here for Trend Trader direct access trading. No rare chart patterns today, just very nervous markets, driven by manipulation, and nervous bears anxious to protect profits. Same goes for the NYSE Composite, and of course, the bear's favorite, the Nasdaq. Manipulation, plain and simple . You'd better believe program trading was part of it.
Market makers love that futures arbitrage.
The Dow is still the first number they read on the nightly network newscasts, and there are a lot of players in this drama, with a lot at stake, and enough hubris to think they can do something about it. And what the hell, it ain't their money, it's yours, so why should they give a crap. Check short interest trend of any stock. Treasuries Analysis Charts Commodities Energy Financials their peers. That's how the thinking goes on Stool Street.