Monday, April 18, 2011

Midday update

The selling seems to have stopped somewhat and we are getting a rally. For all the selling the cumulative ticks only got to -30,000. However, failure to rally much higher and we could get a late day sell off which I think is still likely. Internals are not at the point we the rally is anything more than a bounce although the up volume to down volume on the NYSE has recovered slightly.

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