Friday, May 31, 2013

NYSE TICK

Talk about volatility, this is another reason I really feel there's a red flag on a complete market breakdown, but I tell you there are a number of stocks that look so bad, I'm starting to think if the "W" base can even fire to the upside, it may very well be a head fake and fail shortly after,

The downtrend looks right, you can see the channel, more and more NYSE stocks are making lows and then it just jumps out of the channel and we have +1000 readings meaning 100 more NYSE stocks are making higher highs, that's not natural.

Volatility is really insane, I've never seen it this bad. I think most traders can't hold a position more than a few hours before being stopped out

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