Monday, October 25, 2010

EOD summary

Another steamless day up.
Market internals are still not safe.

Let's start with financials.

Financials are being shorted for days. Price manifestation will come into effect when buy volume is zero.

Russel 2000:

Already started it's bearish cycle, bearish volume rose from steady zero, buy volume is declining.


My favourite index is broken as well. Our invisible hands do everything in order to keep selling volume on steady zero. It needs only a small push and prices will fall.

R3K 60 min:

Current bull cycle finished. Now there is a bearish cycle starting.
Market is totally prepared for a drop.
I am showing you a chart with after-hours trade.
Please note the EOD sell spike.

Good luck!

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