Tuesday, May 18, 2010

Monday May 17 A Tricky Day


We had a sell signal taking shape at 7 AM above.

A nice strong sell off after the open.









All in all I would call it a psych day. Negative headlines were abundant, good earnings and a surging dollar while the Euro collapsed. All that mattered in the end was buying and selling pressure. But the bottom pivot took most by surprise. Most not all.

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