Buyers for ... crying! Stocks 03/09/2014

The inability of buyers was more than evident at yesterday, trying to keep the market very close to the critical region 1170 - 1180 as we have enough stress with minimal transaction volume from the beginning of the day. This resulted in overcrowding of sellers at these levels and the devaluation of the market then, more than 2% in absolute terms. At the same time we had to exit the DG of the short channel rate, currently placed in 1166, likely ceiling for the exhaustion of any defaulting purchasers that to get back the reins should overcome most of 1185.