Thursday, September 8, 2011

The depth and scale of the market's problem

Remember that the longer the chart, the more important and 10 min is where we see a lot of institutional activity.

Not only did the 10 min DIA go negative at today's intraday highs-Wall Street selling in to strength-, look at the leading negative divergence created in just half a day, and then compare that with the same 3C levels in the past-YOU CAN'T, today the leading negative divergence is the deepest we can see on this chart, even when prices where lower on 9/6.

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