Short Term Trading Week Starting: 6 May, page-56

Good points 48&34. I'd only add that the profile and post session drop tells me that it's short covering that provided that bounce. Also, the operators involved have huge egos and may not be as wise as they think. In short, I would not place too much on that recovery from the overnight futures slump -- although a low volume spill of over 20 points, it gives an idea of the validity of today's rth action.