One trader's personal insights and thoughts about trading the markets through market structure, logic and intuition.
Wednesday, December 15, 2010
Different day but same divergences
Well another remarkable day in that market internals all finished in the red with negative breadth and A/D lines and cumulative ticks finishing in at -40,000 but price actually finished positive on the day. Go figure. This is a very rare set of circumstances indeed. On another front bonds are getting smashed and yields are rising very quickly. Again it would appear that we are about to enter a new phase in the markets. I still think we will go higher from here but the fundamentals are definitely shifting. This may be the last leg up in this bull market before the bear returns.
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Hi MC, very timely musings thank you.
ReplyDeleteI have been getting long vol of late so let's see what's up...
dP