Dick Lexic
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The main reason for all this strength is QE3 and end of quarter. All the data except today's has been very bad. The Fed has said they are going to do something by the end of September. So fundementals go out of the window.
Interesting cash close tonight. Massive volume in last five minutes. End of quarter is usually a big up day. But there must have been some shorts forced into closing too.
So now we know what that massive volume was doing 31/8. They filled their boots prior to bernake's speech 26/8 then they ramped the markets up and sold of on 31/8 before NFP. Fits with the daily bars.
simples