Thinned out volumes, insider corporate selling (sell to buy ratio), marked up buys on HFT trading with the trademark grinding on a tight bid/offer spread.
Basically a volume on/off (mostly) overbought market, that will need to correct at some-point (using the Dow as an example).
We can see some panic buying on close (3/01/2011) of trading (volume spike).
Mixed with Gold and Copper bubbles, this all may also lead into a major sell on commodities.
The following moving average/s
DMA (black line): Displacement +10, MA -21 (note convergence cross over of the DMA on the 5th May 2010, pre May 6th 2010 Flash Crash. Also, August the 20th 2010 - marked in red horizontal red lines)
Good to watch DMA now pointing upward for any divergence.
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