Volume on the spy is 118 million right now, and there is 3 hours to go yet. We could hit 200 million, or a little lower. This move down still doesn’t look like panic selling, but more like a technical sell off and profit taking.
Looks like they’re playing a little bait-and-switch to shake out the little guys. The tank job on March 1, the Mutual Fund Monday selloff today. It’s all just reindeer games. I think they’re still in control and will be painting the charts at the last minute to keep everything technically bullish.
Yeah guys… this took me by surprise, just like it was suppose too I guess. We had 3 higher lowers and all the short term charts point up, which would normally be a indication that the market was going to rally… especially on Bullish Monday!
But they decided to trick the bears and panic the bulls today I guess. Funny thing is… we should be moving back up, as Gold, Silver, and Oil have been selling off some today? Strange?
Volume on the spy is 118 million right now, and there is 3 hours to go yet. We could hit 200 million, or a little lower. This move down still doesn’t look like panic selling, but more like a technical sell off and profit taking.
how is the volume today ?
AAPL Chart: http://niftychartsandpatterns.blogspot.com/2011/03/apple-near-50-hour-moving-average.html
It’s looking ugly right now… that’s for sure!
I am having a orgasmmm..watchin the market lol
Looks like they’re playing a little bait-and-switch to shake out the little guys. The tank job on March 1, the Mutual Fund Monday selloff today. It’s all just reindeer games. I think they’re still in control and will be painting the charts at the last minute to keep everything technically bullish.
Oil has a nice bear flag on the hourly chart now. We could see it back down some as I thought it would.
Oil has a nice bear flag on the hourly chart now. We could see it back down some as I thought it would.
Yeah guys… this took me by surprise, just like it was suppose too I guess. We had 3 higher lowers and all the short term charts point up, which would normally be a indication that the market was going to rally… especially on Bullish Monday!
But they decided to trick the bears and panic the bulls today I guess. Funny thing is… we should be moving back up, as Gold, Silver, and Oil have been selling off some today? Strange?
we need the spy to break… 1295… and we are in business.