Today’s volume was 80/20% in favor of the downside and yesterday’s ratio was 84/16%, again to the downside. Two days of what I would consider fairly aggressive distribution days and we don’t really see much fear, which would register a reading in the 90/10 or higher area.
clipped from www.market-harmonics.com

  blog it

2 Responses to “No Fear in Market”

  1. newbie Says:

    One place I saw a whiff of terror was the price of gold…though I am bearish short-term on the gold stocks (not a trader so look at the charts and decide for yourself please). The start of the month is bullish normally so if next week can't put together a weak rally then I would take that as bearish news indeed. This market has me baffled right now so taking a wait and see kind of approach and seeing how much cash I can hold…glad I found this blog. Best.

Leave a Reply

You must be logged in to post a comment.