Now logically he could have said yesterday that accounts were being blown out as that was a big move, but no he says the lame cover is blowing traders out, too funny. :D
Here is a spy chart with twiggs money flow. I use it to try enter scalp reversals. Time frame is not important but I am comfortable with the ten minute time frame.
http://www.incrediblecharts.com/technical/twiggs_money_flow.htm
Nice reversal caught the low. I am using twiggs money index on a ten minute time frame, similar to the MACD. At times like this its nice to be able to control your financial destiny. I feel bad for all the people that can only buy and hold.
short spy $135.32 cover $135.17. My comment for candles was a joke, referring to storm121 constantly predicting the end for traders on a 1% intraday move. :) Philly fed came out weak, market selling off on bad news, mmm?