Monday, October 10, 2011

No match

Divergences are no match for a strong trend. Volume and momentum divegrences are getting ripped through like they aren't even there.

check out the $TICK when you get a chance. Not one close below the zero line, and just a little push through t -27 when it did dip through it. That won't last, but still, pretty impressive first 70 minutes, don't you think?

Breadth is the boss, fight it at your own peril. It's currently +2500 net advancers over decliners. That's very strong

Will we slow down and pull back? sure, but it's unlikely to be much of a dip as it stands now.

Of course, the market can change quickly, Its just not the time for hoping it will here. it will have to start with the internals, or of course, some horrible news. It's not usually a profitable trading plan hoping for bad news.

tiny

No comments:

Post a Comment