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They didn't get to be big money by knowing less than I do lol.

I say smart money because they are the insiders who have a much better idea of what is going to happen next.

What these two instances of high tick tells me is that there are large basket purchases of stocks being made. Only the smart money has this kind of buying power and this action sets the intermediate direction. Once you start seeing an overabundance of these, it could singal reversal such as...

I'm new to trading so you may want to take anything I say keeping that in mind. With that said, I believe that extreme tick readings (1200 or higher) are a sign of large positions being taken by the bigs and says alot about future direction.

There's a +1200 tick reading

Hard for me to tell if it's "bearish" or just "taking a breakish"?

Is the bull hunt over yet?

-1200 tick there

That 52.00 fib is proving to be a tough nut to crack

I'm long Bernanke...he is on a MISSION!

Exactly...only Ben & the boyz can "make" money, everyone else just moves it around. Every persons profit is another persons loss.

here comes support at 47.75

lots of sellers at the psycological 50, may take a minute to chew through that

Here we go

My gut tells me we are on the way to retest 52.

I'd put money on ole' Ben...he's on a MISSION!

Add L 41.50

The 1341 support seems to be holding well in the overnight so far.

L 43.50

Got busy, sorry for the delayed response; gigging cover bands is my thing (sunsetbetty.com).