what a load of baloney..., page-76

T4P, may I respectfully suggest this morning that the action on CVI's SP yesterday may be a little less sinister than first thought. The DOW took another pounding last night (the biggest first session of the year loss ever) but this was not reflected in the futures yesterday afternoon. Past experience has shown me that even when things look ok on the surface the market just somehow knows in its heart that they are not.

Yesterday's drop may have been nothing more than a preemptive reaction to the dip that followed last night in the US. CVI news may have overridden that yesterday but news will be here soon enough.

I think we may see a further dip on open but this may well be the lowest price of the day.