Monday, October 26, 2009

Today's Market

Click for a larger image.

A.) Prices moved higher at the open printing some strong candles. But the volume was weak.

B.) After getting over the EMAs, prices couldn't maintain their momentum. As a result, they printed some weak bars.

C.) Within the period of of 40 minutes the market saw an increase in volume and a strong downward movement. Notice the strength of the downward moving candles.

D.) For the rest of the day prices ran into upside resistance at various EMAs.