With the charts below, notice
1.) All the markets had a downward bias
2.) Traders dumped stock at the end of the day, indicating a lack of confidence about the overnight situation
3.) The increased volume at the end of the day.
Monday, March 5, 2007
Markets Drop; Charts Look Terrible
The markets are closed. The SPYs lost .9% the QQQQs lost .97% and the IWNs lost 2.12%. Clearly people are getting out of small caps.
With the charts below, notice
1.) All the markets had a downward bias
2.) Traders dumped stock at the end of the day, indicating a lack of confidence about the overnight situation
3.) The increased volume at the end of the day.
With the charts below, notice
1.) All the markets had a downward bias
2.) Traders dumped stock at the end of the day, indicating a lack of confidence about the overnight situation
3.) The increased volume at the end of the day.
