Not even sure how they can pull that off? Up Down Volume yesterday was way negative, a clear initiative sell day, and yet indices were way up? I guess Goldman's HAL 20000 must be donig God's work, LOL
I surmise when that happens that every price increase is seen as an opportunity to "get out" at a better price. It shows an imbalance I guess. Expect run back up to re-test May1 highs?
Not sure, it makes no sense to me. I can think that maybe one party was artificially jacking up the ask price, and another party selling off (distributing) at the ask. And the first party just keeps increasing the ask, regardless of continuous selling.
I surmise when that happens that every price increase is seen as an opportunity to "get out" at a better price. It shows an imbalance I guess. Expect run back up to re-test May1 highs?
ReplyDeleteNot sure, it makes no sense to me. I can think that maybe one party was artificially jacking up the ask price, and another party selling off (distributing) at the ask. And the first party just keeps increasing the ask, regardless of continuous selling.
ReplyDelete