DJI <link back> Seems to be responding like the chart indicated it probably would.
The DJI is today getting higher highs and higher lows retracing back up.
Volume is less than 1/2 of the 20MA so the conviction of move could be stronger but a gain is a gain if it holds to close.
I have edged out of some of my short etf positions today maintaining a 3-4% loss, since "the trend is your friend" and over all the Dow has been on a climb north.
Appears so far, last couple of days, this has been just a dip and not really a correction, if so it should climb more next week on better volumes. Today's closing volume will be an indicator of conviction for the move .
109M shares norm 20MA vol for the DJI Ave stocks currently it is trading 37.4M so it is fairly week at 12:09, but I would imagine many are wondering if this is a headfake or a real dip and move up.
BOL all - Bios on % terms are up 3% on BTK while Dow is on up .57%
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