PostHeaderIcon Dow Jihad?

I watched the Mike Huckabee show on Fox News last night. It is interesting how likable he is now that there is not a daily drumbeat from the press about him being a fire-breathing fundamentalist preacher trying to turn America into a theocracy.  In retrospect, it is too bad that he had to share the conservative votes in the Primary; I would much prefer him to McCain.  Better yet, he would make a great VP for Sarah Palin. 🙂

During a segment with Chuck Norris, he mentioned that he had heard in high places that there is concern that there might be a coordinated terrorist attack component to what is happening to the stock market, and mentioned the spikes in volume in the last half hour of each day.  This resonated with me because last week when I was playing with the interactive chart on the MSN money site I had noticed the daily spike in volume in the last half hour of trading.  Here is a screen capture of this morning’s chart:

DJIA with Volume Overlay

DJIA with Volume Overlay

Not being a trader, I don’t even know what I don’t know; but since they had suspended short selling, I would think that if that kind of volume was legitimately at play, it ought to appear on the upsurges too.  Why would it always wait until the last half hour every day to sell in a panic rout?

I don’t see this being speculated about anywhere yet; but I suppose time will tell. ◄Dave►

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