About Yesterday's Selloff

Too many to list and too little time. Here's the one that stood out.... While yesterday's selloff seems orderly and "panic-less", I believe this was the first time that I'd ever seen 0 (zero, zilch, nada) up volume in the final 15-20 minutes of trading of the NDX index. I guess not too many were buying the NDX dips yesterday. The other indices' up to down volume ratios were all close to zero. That's it for now. Notwithstanding the intraday oversold condition yesterday, the "correct" strategy is still to sell the rally. Good trading!!!

Edited by TechMan, 23 February 2011 - 09:17 AM.