Is n't today gains completely emotional ?

Is n't today gains completely emotional ?

Today' gain is market's way of showing that it has confidence in th current government which it perceives as stable. It was bound to go up after saturday's results.

so everybody's feeling good and so they r draggin market up, what if an unexpected party wud have come to the power ? what wud have been the emotions ?

IMO, its not emotional. Its well planned instead. Market had significant positions that needs covered up, including

1. Index shorts
2. Index Call options cover up (starting 3600, 3650, 3700.. so on till 4500)
3. Stock option call cover up
4. Stock future shorts cover up

It was clear that there will be a mad rush to cove up positions on Monday.

What the market makers (operators) did was use a small chunk of their money to buy madly into key index stocks to cause the 17% jump (the volume tells the story). This would ensure that nobody would get a chance to cover up.

To add salt to the wounds, the bought into SGX nifty today morning (250+ as of now, 8:47 am Tuesday 19 may).

Imagine whats going on right now in the minds of those who are short in the market since Friday (or last week) and not able to cover up yesterday (Monday).

This is a perfect example of a deadly bear trap.

10 x Tit for tat for what happened to the bulls when things came crashing in 2007/2008


Again, this is my take. I could be wrong..