There was alot of buying on weakness AND selling on strength. I never noticed that before on this good website.
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=topnav_2_3002
And the McClellan (affectionatly known as the McC) was a very small change, 1.2 or so, anything under 8 is "small" in my book.
http://stockcharts.com/h-sc/ui?s=%24nymo
And the Euro has been hot, going up. But I have been mentioning this resistance for a while. Funny how it just broke through by not even a tenth of a penny.
From last week, note the green line in the sand
http://oahutrading.blogspot.com/2010/06/euro-and-es-perspective.html
Current condition---after the swat down. Now we shall see---does the swat momentum continue, or is the gap fill good enough to start running back up again. I go with the swat down.
Getting swatted now! Hiker's a good guy and means well.
ReplyDeleteRoger that.
ReplyDeleteYeah, I wasn't sure what to make of one of Hiker's comments so thanks for clarifying.
I think if anyone is confident that they know what price and breadth indicators mean right now, that they shouldn't be that confident.
I think Atilla coined the term for the current environment "terra incognito"
Roger that.
ReplyDeleteYeah, I wasn't sure what to make of one of Hiker's comments so thanks for clarifying.
I think if anyone is confident that they know what price and breadth indicators mean right now, that they shouldn't be that confident.
I think Atilla coined the term for the current environment "terra incognito"
What a beautiful day to be a bear! Gap and crap
ReplyDelete