Posted by dallahoo on 17th of Sep 2008 at 11:43 am
Yep, you are right, my good Sir. this is the 4th high
distribution day in a week or so (I have to check) but the point is
after back to back distrib. days like this we may get a seller
exhaustion and some sort of a bounce. It also is in full accord
with a 5th wave behavior, especially if we get some +'ve divergence
on the lows. It's like a spring, you can only press it so much, it
snaps back at some point.
A shorter's dream, nothing less!
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Yep, you are right, my
From Gartman
Posted by dallahoo on 17th of Sep 2008 at 11:43 am
Yep, you are right, my good Sir. this is the 4th high distribution day in a week or so (I have to check) but the point is after back to back distrib. days like this we may get a seller exhaustion and some sort of a bounce. It also is in full accord with a 5th wave behavior, especially if we get some +'ve divergence on the lows. It's like a spring, you can only press it so much, it snaps back at some point.
A shorter's dream, nothing less!