So far the summation fan has called the top and now shows selling gaining momentum. Yesterdays big volume day was very deceiving in that the AD shows a pretty healthy up day. But when you look at the timing of the volume the downside tells the story. They did manage to save the AD all in the last 20 minutes and intervention was the only explanation. I would expect a big down day today and follow through into Friday, setting up an exciting semi black Monday.
Gold will finish it's consolidation and blast off from here. I wouldn't be too quick to short oil here either and I think the drillers are getting very over sold.
http://stockcharts.com/c-sc/sc?s=$NASI&p=D&yr=1&mn=0&dy=0&i=p98229914314&a=15404397&r=6031.png
Tech selling gaining momentum
Started by
2cents
, Jan 04 2007 05:58 AM
No replies to this topic
#1
Posted 04 January 2007 - 05:58 AM
My opinion isn't worth the HTML it's written on