Thursday, January 12, 2012

Market Update

The market s looking like some heavy distribution is taking place and in the same area is was seen the last few days.
 DIA leading negative

 IWM leading negative

 IWM 2 min leading negative

 QQQ 2 min leading negative

 SPY 1 min leading negative

 SPY 2 min leading negative

The NYSE TICK chart has also had a change in character today.

This looks like a distribution zone.

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