once again....just like October 2007. when new highs are reached the volume should increase indicating Institutional Buying. That's simply not the case. This will end so badly. look at the small cap underperformance today and doji print with the close lower than the open. 37 M shares traded on IWM yesterday versus 24 M today. NYSE and NDQ volume down 12% versus yesterday. Maybe folks began their vacations early?
could today's close be setting up a lower high in the two day time frame on the NYSE, NDDY and SPX? If we take out yesterday's intraday lows tomorrow or Thursday, a 1,2 3 reversal could be in play.
IB d Man , have a great Easter holiday and enjoy it . The market will be here next week and more participants will be here .Thursday will be light before holiday trading . You said "If we take out yesterday's intraday lows tomorrow or Thursday, a 1,2 3 reversal could be in play." 154.35 low ? If my Aunt had balls she would be my Uncle .
Looks like a compression move is coming to end the quarter ! I told you tops take time !
moneynow27 i was thinking the same thing when i saw that durable goods order. make you wonder if the military did some shopping before the cuts to print the tape? then when i saw consumer i thought well there is your signal for a recession yet it still goes up?
all i have to say is one real catalyst and this thing going to drop hard core.
I find it hard to believe this market ignored warnings and bad reports from FDX, ORCL, and CAT, three market leaders in their space.
I'm beginning to think the unthinkable....that the tape itself cannot be trusted.
Do they still sell IBD on newstands? Do they still have newstands? Is there a pay phone nearby? I'd like to buy a copy and stick pins in it. If you feel some strange pain on your nightly security job, blame me.
I gotta say I think it Impossible for Yahoo to F! these boards up any more than they have.
I did post one response which is lost in the ozone someplace but yes I totally missed the sentiment of 'kleepshorting' , another blunder of which I seem to be afflicted., of late. And anyone who questions shittles sanity is a clear thinker as far as I am concerned.