Selling pressure? LOL. Where? I track 2000 stocks intraday, and selling pressure of any kind is nowhere to be found on my lists, although I would love to see it.
If this was written on 5/3, what planet is he on?
The problem at present is clearly a LACK of selling pressure. Every dip, everywhere, is met with buying.
If you're not long, you're wrong.
And whenever I read of "institutions" doing this and that, the author, like Farley generally, is immediately suspect. Institutions, like the rest of us, are looking for an edge, and the idea of some type of general plan or program that coordinates among them is laughable.
Can't make money? Well, it's those damn institutions!
Or maybe the communists. Yeah, that's it. It's those reds!
I was working from the screen trying out a system on play money a couple of weeks back, after awhile I realized that two hours had gone by and I had not seen a really good signal....... it was right there, on the dang screen, clearly defined.... i was chatting and just never saw it while the YM ran against me about 30 points.... If you can't beat 'em you have to join 'em.