OK. Thanks. SO we can say that since the POMO market began in March 2009, -20% was a place for a reversal, except for the HFT triggered flash crash in May.Originally Posted by Billy
If we break this level here, then we might be in for something stronger on teh downside.
However, As you wrote yourself some weeks ago, POMO money is staill available and might amplify any technical bounce that is hsaping up in the futures" market.
Pascal
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