Oil touched $105 yesterday morning, and the button-pushers predictably did their thing, covering/buying stocks before the open in the futures market, then pushing the Dow up 250 points in the first half-hour of trading. Not surprisingly, the market sold off before stabilizing at 3 PM. The swing top to bottom during the session was 320 points.
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Is the Market Rolling Over? |
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| Sep 03, 2008 12:51 PM UTC |
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Tracked Blogger
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Via Short Stock Ideas from Seeking Alpha:
Oh, you could just see the intraday reversal setting up yesterday. C’mon, strength on Tuesday morning after the Labor Day long weekend set up by the panic in the commodities markets due to the lack of damage from a hurricane? 
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