Hmmm, there is about a half hour left in the trading session so it comes as no surprise to see a sudden violent rally in the DOW and Naz off the lows of the day. This would the regular market intervention that is rarely spoken of, but falls right in the mandate of the PPT to add 'stability' by magically moving the markets off the lows.

This has not been a banner day for me personaly since I got served up early in the session by going long the financials, and am now short the Naz just in time to get handed my ass again. I am not going to close the short and will ride it out, but its going to be an ugly day for me. Such is life.

cheers!

mike