...should provide a bottom for at least 1 week+ based on past experience. We just got the parabolic explosion I wrote about on the other thread based on the effectively absorbed supply from 2:20-2:45.
1) Classic reversal signs
--Huge supply absorbed effectively for the first time in this crash following the Fed meeting.
--Clear hammer formations all over the place
--Turnaround Tuesday Fed Meetings
--Gigantic volume green day. This is the biggest volume green SPY day in years.
--Short term hourly momentum is the strongest on the upside that I have seen since mid-July
--A market full of greedy shorts could provide extra upside in an anotherwise weak market.
Anything Can Happen In This Crazy Market, But Today's Action...
Started by
Macro Speculator
, Aug 09 2011 03:05 PM
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