Tuesday, December 7, 2010

Down day

2- days RUA:

After 12 green days'cummulated selling volume is still elevated, and sentiment turned down when everybody cheers.
This is an anomaly we should take into account.

1-day RUA fakeout:

After 5 green days of rise in prices selling volume is still elevated. Not a good sign.

60-min RUA:

It seems we had a double bull finished yesterday with exhaustion led to a very strong price manifestation.
Let's see whether FED lets bears to drag prices down or saves the market.
I feel it will, and the only purpose of it to make an artificial dip, re-test recent lows, clean the market, insert buy volume and go up, up up.

Good luck!

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