Tuesday, December 13, 2011

A ruckus after the FOMC

Nice flush out post FOMC, taking out the lows of day by just a smidgen so far. Breadth hanging ok, and we haven't moved far from unchanged on the downside. $TICK has also diverged, at least so far. Short term we are in oversold bounce mode, but once this fizzles itself out, the Bulls will have to defend to keep us from going back to the lows tiny

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