http://www.traders-t...?...st&p=658015
added more above 1K today....
This A/D action should be more than enough to turn summation back down today...
Now we see if this is just a pullback, or if bears finally start to mount a charge for a while...guess we may find out just how "impossible" 3-5% pullback is pretty soon... 1.5%+ already on the books on RUT....
So far, liking this position
Started by
K Wave
, May 22 2013 01:37 PM
4 replies to this topic
#1
K Wave
-
- Traders-Talk User
- 46,052 posts
Member
Posted 22 May 2013 - 01:37 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
K Wave
-
- Traders-Talk User
- 46,052 posts
Member
Posted 22 May 2013 - 01:43 PM
Not very often you see the Advancers at 2200 turn into Decliners over 2200 on same day....just sayin'
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
The End
-
- Traders-Talk User
- 740 posts
Member
Posted 22 May 2013 - 01:55 PM
The SPX is down 30 from todays high and SPY is going to be at least twice yesterday's volume. Below 1662.67 at todays close produces a key reversal and one that might just produce a sell off. 200 SMA anyone?
NONE of what I type should be taken as financial advice.
#4
K Wave
-
- Traders-Talk User
- 46,052 posts
Member
Posted 22 May 2013 - 02:01 PM
IWM just tagged 5 min 900, so bounce zone possible here....
if they were able to take out that pivot by the close, then the possibility for more downside tomorrow would grow....A/D line pretty ugly, so is a real possibilty....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#5
PrintFaster
-
- Traders-Talk User
- 1,683 posts
Member
Posted 22 May 2013 - 02:10 PM
Market is not even closed yet and Investors Business Daily already calling for a distribution day, LOL!!!
Who said they don't ring a bell at the top? 
