Thursday, December 30, 2010

Heads up for Thursday's session

Big divergence between price, breadth, A/D lines and the ticks. Whilst the first 3 all finished positive, ticks trended down the whole session with cumulative ticks finishing at -50,000. Definitely shows that the bids were getting hit more than the ask. Perhaps a sign that some of the smart money is locking in their gains for the year or taking some profits at this point? The futures are trading in a tight range right now so it will be interesting to see where price breaks to in the new year.

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