Friday, November 19, 2010

3C/Institutional money in live action

GM continued seeking off today as I showed you this fast 3C chart yesterday showing the selling. Now we have a positive divergence as news is out that at the lows this morning (where the positive divergence is) DMM GETCO had to step in to buy to keep it from breaking $33, the IPO settled price.

Here's the Story


This is one of the best examples of 3C showing real accumulation in real time-CONFIRMED
Posted by Brandt at 10:23 AM

2 comments:

bill rattray said...

Can you give me an update on LVLT. Falling off a cliff this morning.

November 19, 2010 at 10:32 AM
Brandt said...

From 1-5 min 3C still looks ok, , I think it may just have been testing the two m.a.'s. If you are in, my stop on the close would be the 22 m.a. and if you are not in, I'd want to buy around the 10 ma

10=1.06
22=.99-maybe 1.00-1.01 by the close.

November 19, 2010 at 10:51 AM

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