Closing Brief - closing hour madness

If there is one thing that really annoys me about these sick and nasty western equity markets, its those late afternoon rumours that appear out of nowhere. Todays was a Reuters super special..suggesting that central banks will do what is necessary to increase liqudity after the Greek elections this weekend.

*I normally refrain from posting super minute cycles, but to start this summary, consider the 1min charts for both the sp' and the VIX. Madness!

sp, 1min

VIX, 1min

Now to the hourly cycles


IWM

Dow

Sp

Summary

Crazy crazy nonsense, thats what it is. I am glad I was again merely watching today, this market is sick, and it will likely be a real trading nightmare until after the FOMC next Wednesday.

More later...