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big caps usually are the last to fall.Al_Dente wrote:Today IWM broke below its February low
In so doing, it joined the transports, financials, industrials, the buybacks etf (PKW), e-commerce (DJECOM), semiconductors (and probably some others)
Last week BullBear52x posted the above idea of a Wyckoff pattern on the indexes which made me look into it a bit more. As shown in chart below we may have just seen the "spring" part of the pattern last Friday: (The declining volume over the course of the pattern is thought to be indicative of supply being absorbed.)BullBear52x wrote:I am not trading but seeing something worth mention. ever heard of Wyckoff theory? see low volume bear trap, we are in C phase of it now I think. never thought they will pull it on the main index, individual stock I see it all the time. well,looks like a Wyckoff accumulation to me. can't wait to trade next year. Peace!