27 APR 2010, Tuesday

• Think that Goldman Sachs is trying to tell Congress that "If you mess with us, we'll turn off the HFT computers and the faux rally we engineered this past year is over."  (Or is that yellow trend line exerting influence...twice now.)
• The 2 vertical orange lines highlight when GS was charged by the SEC and then, today, was hauled before Congress.
• Coincidence?
• Also, as warned in the 13 APR post, Greece debt downgraded to junk today.
• Which is it?  Dunno.  The risk has been high and is looking for triggers...negative surprises.
• Still up, although starting to appear sideways, didn't break the previous pivot (black line) yet.  Tomorrow, the FED makes its release on interest rates after it's 2 day meet.  Always provides some excitement.  Which way?  Dunno.  Do they save it here and drive it back up?
• After as strong a run as it has been, it could still go back up again.  Wouldn't surprise but could set up larger divergences.
• Anyway, I'm watching how this progresses.