Wednesday, June 3, 2009

DIA & AMZN today - "Stick Save" ? or Manipulation ?

An all too uncommon occurrence in the markets these past few months has been violent, end of day, pump action of the major indexes and specific stocks. Typically without any market moving news.

Witness AMZN (post 3:30 pm)

and DIA (also post 3:30 pm).

Some refer to this violent action as a "stick save". Others call it "manipulation".

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