Even though intraday is showing +D, markets are still remaining in bearish mode in light volumes with flood of bad news even if we have bearish exhaustion signs such as CPI/PPI deflation reading and massive job cuts.
It is certain that we are in bear markets, and an important issue is how deep it will be or is.
Qs trading near at 28 +/- support in premarket and I am expecting volatility after the Fed min release at 2:30 pm scheduled time or whenever it is released.
Good luck with trading
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33318066
____________
Lately, markets show light volume blood squeezing out of sheepsters since Oct low. Many have exited and shorted markets since last year and we had Oct 2008 climactic sell-off. We now have greedy blood squeezing actions and we still seek a confirmation of ST/LT low.
No comments:
Post a Comment