When 3C gives a signal other then confirmation, although relatively it is still much lower, i'll update that. The 3C DIA has remained negative throughout the advance.
Friday, September 24, 2010
Volume Analysis
When 3C gives a signal other then confirmation, although relatively it is still much lower, i'll update that. The 3C DIA has remained negative throughout the advance.
2 comments:
If this is the 'top' shouldn't we be seeing heavy distribution? Doesn't make sense that 'the smart money' was happy to distribution at the lows when the DOW was bouncing off 10,000, but now when the DOW is near 10,900 there is little distribution?
And if they have fully distributed and are now short, what's the point of letting the market go even higher? Surely they've 'trapped enough longs' now?
Something is missing here.
Yes, I think you are. Apparently the BOJ intervened again today. 3C shows what is known in the market to smart money. If the BOJ intervened, how in the world is 3C supposed to see something that no one knew about?
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