25 FEB 2010, Thursday

1. The after hours nonsense seems to be back...here's an article from late DEC 09 that described its effects last year.  Traps people who held overnight on wrong side and makes it very difficult to get onboard during regular trading hours for fear of getting slapped very hard without warning in a vicious snapback. 
2. And what do you know about today, big gap down in morning...chopped around very tightly for hours and then late afternoon produced the vicious snapback rally.
3. Yeah...the market is rigged.  It's unfortunate but the innocent people who are treating the stock market as a "one direction high yield bank account" with their IRA/401K's will be completely disabused of that notion eventually.