Agreed… that what I seen too. Nothing but retail traders buy up the Greece news. The Institutions are sitting on their hand right now, waiting to sell… but when?
Let's us then all ban together and form a tight circle, so that we might fight off the fatigue and not fall asleep and drown… for if we don't we surely will sink into to belly of beast known only by the name of Illuminati…
I'm with ya. I've been expecting this up move Tho I didn't hedge with enough longs and my puts are fu uh uh uh cked today. However, we're still in a corrective wave here, and should resume down. Soon enough.
Nice charts RDL, I am with you in Bear Camp….
And I bought a Black Swan Calling Whistle
http://oahutrading.blogspot.com/2010/02/black-s…
Don't think it's news (though it could be) as much as it is volume.
Still have a high volume low out there at 1044 that want's to say hello again.
School of hard knock…
Great post Red – love how you tied this all together !!!!!
Can you share how you are “learning” this ?
Agreed… that what I seen too. Nothing but retail traders buy up the Greece news. The Institutions are sitting on their hand right now, waiting to sell… but when?
Here's the soundtrack for that: http://www.youtube.com/watch?v=-qCn4_fgKNs
Let's us then all ban together and form a tight circle, so that we might fight off the fatigue and not fall asleep and drown… for if we don't we surely will sink into to belly of beast known only by the name of Illuminati…
The whole move up from Feb. 5 looks like a flag – bearish.
Today's volume after the pop was anemic.
“Looks lately have been the opposite of what actually happens” …ain't that the truth!
I'm with ya. I've been expecting this up move Tho I didn't hedge with enough longs and my puts are fu uh uh uh cked today. However, we're still in a corrective wave here, and should resume down. Soon enough.