Thursday, September 8, 2011

Don't Forget, the Prez Speaks Tonight

He might say something that gaps the market up in the a.m.

Here are the only two charts I can find that really show any 1 min positive divergence which could be market makers getting ready or accumulating a small position for a possible gap opening tomorrow.

In the larger scheme of things, the 5, 10 and 15 min charts are so far gone now that I can't imagine any gap up would be anything worse then what we saw today, followed by more downside.

 DIA has a small positive 1 min divergence

As do the Q's, I'll keep watching, although these could simply be signs of a consolidation or a correction.

Like I said, the longer charts are shot and they matter more.

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