Thursday, September 20, 2012

Market Update

Not much of a change, the 3 min charts are in line with price action which at this point seems like a gap fill, from here a dip to this morning's lows or lower would be the next piece of information needed to see whether there's accumulation at what would be a bit of a bigger consolidation area,  a small "V" reversal off the morning lows isn't going to provide enough accumulation for something as big as QE3 if it is there.

3 min charts, looks in line with a gap fill.

 DIA 3 min in line with price

 IWM in line

 QQQ almost in line

SPY in line.

There's no edge in "in line", however it's very early.

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