10 replies to this topic

[ogm]

I agree, a lot of lows were made at the open. We need another day to see where this is going. However there was a powerful turnaround in many financials. Take a look at C for example. It wiped out all last week of decline and then some in one day on heavy volume. XLF volume today comparable only to the volume on Friday. Second highest day ever. Huge freaking volume. XLF's close today is higher then last week's high. Same deal as C. Is that not significant ? I think the A/D was poor because we were coming out of extremely volatile situation. A lot of fear, and people were buying the large caps today. Not speculative stuff. Speculative stuff will catch up, if we have a turn, and the A/D will improve. A lot of speculative stuff came back from deep nosedives they made in the morning too. But the 10 day put/call is flying now. This has a lot of room for improvement. During this whole day today $WPCVE was 1.3-1.5 range and closed at 1.25. The 10 day average is way up there too. Near February bottom extremes.