Monday, August 6, 2012

MCP 3rd Update

The action in MCP reminds me of the action in the market on Thursday except MCP's looks even more explosive.

Check the 5 min chart, both trend and intraday (remember the SPY 5 min didn't even show a positive divergence that far out last Thursday).

 There's been a longer accumulation period before sending MCP higher, I don't think it was as sharp as this one though.

Here's the intraday view of the same chart, it certainly appears something is going on here that price alone would never show.

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