Posted by windyjazz on 18th of Jun 2013 at 01:47 pm
The market is going up because it can. Or maybe better put while
it can. Ever since that reversal around 3PM yesterday it looks like
the algos were reset to up and even the overnight futures have done
this now familiar slow grinding levitation. Up is so easy and
comforting till it's not. Everybody likes up. Everybody's making
money up. With just a few adjustments to the trend lines not much
has changed.
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Posted by quadratic on 18th of Jun 2013 at 01:05 pm
So what do we make out of this move today ?
quadratic
Posted by matt on 18th of Jun 2013 at 01:57 pm
quadratic- in responce too your question, nothing has tecnically changed, watch this video
http://breakpointtrades.com/jing/2013-06-18_1256.swf
What to make of this move today?
Posted by windyjazz on 18th of Jun 2013 at 01:47 pm
The market is going up because it can. Or maybe better put while it can. Ever since that reversal around 3PM yesterday it looks like the algos were reset to up and even the overnight futures have done this now familiar slow grinding levitation. Up is so easy and comforting till it's not. Everybody likes up. Everybody's making money up. With just a few adjustments to the trend lines not much has changed.