5 years ago
Friday, October 8, 2010
Update
Not much to report, as expected, the open saw a negative divergence, but since then 3C has been trading in confirmation or in like manner to the major averages, no divergences to report. GLD which is up, does seem to have a 1 min divergence-negative in effect on 1 and 5 min charts. The dollar appears to be headed back up again in this mornings range trade.
2 comments:
This would seem to imply the big boys are willing to let the market go where it wants today, as long as it doesn't bust out of a trading range or a new high. Maybe they will keep knocking it down around that 116.2 area.
I don't think so just doesn't look to be bearish AT ALL
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