Wednesday, February 29, 2012

Drink, Drink, Drink and Drink

The Dow $13k Drinking Game...

Yesterday the Dow held $13k, today it lost it, but 1 thing did differentiate today from the 30 or so times the Dow has crossed above and below $13k.... VOLUME

 We saw big volume on the open and big volume on the close, that has been what has been missing from all of the crosses above and below $13k.

I encourage everyone to always keep the big picture in mind, it is easy to drive yourself nuts on day to day trade or even intraday trade, however, there was a flashing warning sign in momentum. Look at this gain of a measly +.69% over 18 trading days, or 1 day short of 4 weeks of trade.


No comments: