Jan

12

Boise State's game-winning two-point conversion in the Fiesta Bowl against Oklahoma was a Statue of Liberty play in which quarterback, Jared Zabransky, faked a pass to the right sideline while holding the ball behind his back. When he was running back, Ian Johnson took the ball and ran left into the end zone without being touched. The play worked because Zabransky's fake was convincing enough to get the Oklahoma defense running the wrong direction. Other football plays such as play action passes also rely on getting the defense to "buy" a fake. If the defense does not buy the fake, the play does not work. 

The hourly chart of the S&P 500 since New Year's Day looked like a series of misdirected plays for six consecutive days, up to and including yesterday, with the open down five points, further downside to a 20-day low, then a rally to a positive close. After six consecutive fakes, one might expect the defense to wise up, so today was the real deal: straight up from the open and a six point gain.


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