I said earlier the 20 day moving average was key, we had not been below it since March 12th - this was S&P 885, 886. We were below it around 3:30 PM - testing S&P 880 and lo and behold the Plunge Protection Team via Goldman Sachs... err, I'm sorry "short covering".... took us back over into the bell. [Jul 14, 2008: Our Gospel is Spreading - Jim Cramer References "The Hand"] [Jan 9, 2008: An Amazing Blunt Commentary on the Plunge Protection Team] I knew when I saw the S&P jump from 881 to 885 in a span of 30? 45? seconds in the last 30 minutes it was time to head for the exits on the dark side of the ledger. I'm learning to adjust to these (ahem) free markets... 80% of the days since early march futures will go up between 7 AM and 9:29 AM (I guess there is not enough time to buy stocks during the day). And the last 30 minutes are ... well let's just say some unnatural movements occur there.
So long story short, by the power of "short covering" we held the 20 day moving average - all is well in the world, and it's time to watch futures bid up tomorrow morning, and we can call it an early weekend. Buy stocks...

