Short Term Trading Member Forum

[sentiment]

Evidence of news driving market below cycle bottoms. Looking at traditional price patterns & volume has suggested that there are a couple of points where the market had set ups that should have rallied the market higher. Heavy volume spikes down that exhausted short term with a rally & again downside volume not driving the market down in the short term time frames. These are patterns seen after a stock or market has reversed to the upside. Sometimes I will see a stock have this pattern & I know the cycle has bottomed only to have negative news hit & drive it lower into another pattern. I believe we have already saw the 4.5 year low in March & possibly a 10wk low in the short term. I believe the lack of information & ignorance of the news media in hiding this credit bubble up until recently has brought about a wide awareness & obviouly a distribution in stocks that have offset any rally that would normally come with the bottom of a cycle.