Look at the last 30 minutes of so of the trading day....a slow fall off. No oomph! It was a bear squeeze, and that's it. No driving force, only a money grab, and I bet it worked very well for HBB.
Now we are hitting PRS 133 and some Fibs. Is the gig up? Time will tell.
But the DWC/DIA ratio, which I have coined as the "Holy Grail" says that the gig is up, market will turn down within 1 to 3 days, and could fall hard, This ratio paints exactly like Sep 2008. Search my previous posts.
No comments:
Post a Comment
Insightful and Useful Comment!