Thursday, October 21, 2010
Last Market Update
As I told you there were weak positive divergences and the dollar/equities trade decoupled, we saw rising prices. Now the QQQQ and DIA both have 1 min negative divergences into the close which is interesting given the front running bounce. Is there a bigger dog selling?
1 comment:
Check out this article:
http://www.zerohedge.com/article/fed-withdraws-15-billion-liquidity-reverse-repo-stocks-predictably-turn-negative
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