Major Snap back Rally today because even the gloom & doom crowd at Bloomberg are out
pointing the positives of Obama's Pledge $275 Billion to Stem Foreclosures, Help Borrowers
Its not a surprise either that its one day ahead of options expiration. We have had a major snap back 2 times before during the last 4 months in the day before options expiration. It happened in October & November but skipped Dec. and Jan. but based on us retesting Nov. lows again we are primed to get that major snap back that we got back in Oct. & Nov. today. Short covering ahead of options expiration.
Stocks primed to get a major snap back?
CIR, AGU, BIDU, POT, ROC, ERIC, WFMI,