Monday, July 11, 2011
Saturday, July 9, 2011
Friday, July 8, 2011
Intraday Bias 10:00 AM
Negative
I am not sure how reliable the bias is today due to complex factors relating to the dominant trend, current price action and the payroll report. However, the bias has been positive on days with big down gaps, so there is no bullish divergence.
I am not sure how reliable the bias is today due to complex factors relating to the dominant trend, current price action and the payroll report. However, the bias has been positive on days with big down gaps, so there is no bullish divergence.
Thursday, July 7, 2011
Intraday Bias 10:00 AM
Positive
If this is indeed the start of another leg up, I don't think the market will let any of the "buy the dips" traders in for a while. This is the norm for a new up-leg. Contrawise, a pull back would be more bearish than it originally would appear to be.
If this is indeed the start of another leg up, I don't think the market will let any of the "buy the dips" traders in for a while. This is the norm for a new up-leg. Contrawise, a pull back would be more bearish than it originally would appear to be.
Wednesday, July 6, 2011
Friday, July 1, 2011
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