AI
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| Alias Born | 06/16/2004 |
Wednesday, April 20, 2005 4:10:05 PM
***QQQQ clearly confirms BEAR move***
Volume today seen at over 135 million on a reversal/down day. As I said yesterday, volume was clearly not confirming the up move the past 2 days...
The volume the past few days was 96.9 million and 110 million respectively on UP days... while the past 2 DOWN days before that last week came in at 170 and 158 million... now notice today's down move comes in and once again trumps the biggest up day's move...
These are all BEARISH confirmations.
Most money is lost when trying to fight the tape or getting emotionally involved with the market. There's nothing wrong with being on the right side of the trade, but bias kills, and emotion kills in the market. We are all scum to the tape, and if you believe you can somehow fight the signs, then the market will suck you up and spit you out, Ego has no place in the financial markets unless you are one of the global financial controllers, and we are all here, so none of us belong in that elite group.
Read the tape, it's key, we are scum...
Volume today seen at over 135 million on a reversal/down day. As I said yesterday, volume was clearly not confirming the up move the past 2 days...
The volume the past few days was 96.9 million and 110 million respectively on UP days... while the past 2 DOWN days before that last week came in at 170 and 158 million... now notice today's down move comes in and once again trumps the biggest up day's move...
These are all BEARISH confirmations.
Most money is lost when trying to fight the tape or getting emotionally involved with the market. There's nothing wrong with being on the right side of the trade, but bias kills, and emotion kills in the market. We are all scum to the tape, and if you believe you can somehow fight the signs, then the market will suck you up and spit you out, Ego has no place in the financial markets unless you are one of the global financial controllers, and we are all here, so none of us belong in that elite group.
Read the tape, it's key, we are scum...
HI-HO SILVER !!!
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