Tuesday, November 16, 2010

POMO is Over

It came is at 6.2 submitted to accepted which under the old regime would be bearish for the POMO push. We may be getting a third day of useless POMO results as far as the market is concerned. NFLX gave up the divergence, front runners got it handed to them once again and is now headed lower. It's looking more and more like the market must stand on it's own two feet.

1 comment:

JC said...

FAZ just broke through it's overhead resistence created on the close of Nov.3rd and the 4th's open. Let's see if it holds.