The divergences to the downside were extremely quick to form.
Tuesday, November 30, 2010
Much Like Yesterday
The open pumping looks like it's being sold into. Interesting game, what's the point though?
DIA 1 min negative divergence
SPY 1 min negative divergence
The divergences to the downside were extremely quick to form.
The divergences to the downside were extremely quick to form.
4 comments:
By Matt Phillips:
Forbes points out that Wikileaks founder Julian Assange has said that he’s going to make a major U.S. bank the focus of a coming Wikileaks dump. (Our colleagues at Deal Journal posted on it.)
And now writer Andy Greenberg also spotlights a previous interview in Computer World in which Assange said he’s sitting on a stockpile of data from Bank of America. Coincidence?
We have no idea. This is all in the misty realm of conjecture. Still, it’s interesting that the focus of Wikileaks seems to be moving toward the private sector, which could have big implications for investors.
http://blogs.wsj.com/marketbeat/2010/11/30/bank-of-america-next-wikileaks-target/?mod=yahoo_hs
BAC was my first inclination.
We will have to see how it reacts moving forward.
Jack take a look at the first chart in this post, it may explain a few things with regard to the questions of currency relations with the market we have been discussing.
http://www.zerohedge.com/article/us-europe-decoupling-all-time-record-sovx-implied-correlation-spread-indicates-historic-dome
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