Friday, August 3, 2012

What timing-Financials

And it seems that Financials may be just about ready to give up the ghost. The migration through the 1-5 min timeframes seems to be getting under way again as the shortest timeframe is picking back up on the negative side, which will migrate through the longer charts and make them worse.

 A VERY FLAT range, that's indicative of distribution itself, now the 1 min is turning back down, hopefully to a new lower low.

 That should filter to the longer 3 min and eventually

to this 5 min that is already looking like it wants to crack, it may be appropriate in the last post that I said, "Hanging on by a thread"

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