Monday, May 9, 2011

Market

A-D line is just about +1100, which is bullish, but not overwhelmingly so.

Volume is very low, and the day is modeling out to be a digestion candle, which was expected after the shot of volatility we saw last week.

Can't fight the internals here, but the current pattern looks like a possible bull flag failure setting up, which could lead to a dip. Still in wait and see mode, at least for now.

Michael tiny Saul

tinymjs at gmail dot com

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