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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,308.31
(
0.10%
)
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techcharter

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techcharter

Re: None

Wednesday, 07/21/2010 3:06:23 PM

Wednesday, July 21, 2010 3:06:23 PM

Post# of 51804
That should do it.

Today's selloff finishes the wave 2 bounce I commented about the other day. maybe it was more of a zigag than a flat. The retracement was about 62-66%, a fibonacci ratio. As someone pointed out yesterday, the volume was relatively weak for such a strong move. This raises the question: is there technical indicator relating index percentage movement to share volume? If not, I would certainly like to investigate the topic for trading potential.

The market faces much more to the downside in the near future.
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