daytrading nov 18 pre-market, page-19

very suspicious close to US trade this morning the 3 indicies and in partcular the DJIA had a large bounce in the final minute of trade, haven't found a decent explanation yet, but these are some of the possibilities:

- the mysterious PPT trying to calm market nerves
- fat finger buy program initiated
- inside info out of Europe/US debt super committee
- algo trading program run

apart from the last minute activities it seemed the US market had finally succumbed to everything that is wrong in the world economy and many investors just thought whats the point, for the first time in about 6 weeks it seemed the market couldn't ignore what was happening in Europe and not even positive economic data could support the market.

the last minute surge in the US off the lows has me curious and if we tank heavily this morning I might have a nibble if I can find some heavily beaten up mid-caps.

next week very important for global markets you get the sense we are about to have a major breakout in markets with Europe and the Debt Super Committee likely catalysts for the breakout.