monday monday, page-133

the US didn't even go down on the significantly on the dubai 'd day' when the markets tanked. The only market which has significant merit to rally on this news was Hang Seng and H-shares because of the exposure of HSBC, yet even that couldn't hold its gains. Yet the rest of the world finds the legs to hold these gains. YET even the spike on hang seng and h-shares was on low volume there was nothing to clip. It found the same range as Friday when money supply and new loans caused it rally (NOT industrial production/trade balance/etc). A seller was in the market then and he just continued to get good fills on the market today. Evidence of that would have been the 300+ tick fall pre cash fall on Hang Seng and the 200+ tick pre cash fall on h-shares. And the 100+ tick pre cash close sell off.