ES Journal Archive (2009 - 2010)

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Quote from lurefo:

Yes but there has not been any real selling yet. Without sellers the market will print higher prices eventhough it is overbought.

Wow. I'm speaking like the trannies now. :)
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Oh no, another convert. :) Seriously though, you do have a point about real selling not showing up yet. But how do we measure that? By breadth, volume, breakdown, or a combo? Or maybe bad news.
 
the market has the swine flu

best bs headline ever, market movement has nothing to do with technicals, it is the swine flu that is doing it yea that's it

low volume, doji day today = market falls off a cliff tomorrow

I'm betting money on it.

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Quote from iloveoptions:

Oh no, another convert. :) Seriously though, you do have a point about real selling not showing up yet. But how do we measure that? By breadth, volume, breakdown, or a combo? Or maybe bad news.
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I'm mostly looking at P/A. Since the rally started each time the sellers tried to push it down, they faced strong adverse reactions. This has been especially true since the touch of 872 and 04/20 down day : there was no continuation. I'm not saying there are no sellers. I think they're just hidding for the moment.
 
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