Re: 08/29/2011 Intraday Watering
Posted: Mon Aug 29, 2011 3:59 pm
Look at that - it just broke it.
That theory is toast.
That theory is toast.
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The answer to your question: YES. Since there is no retracement, its a strong up day. Since its overbought and it keeps on rallying, it suggest the strength is still strong.frankthetank wrote:Finishing at the highs of the day and with no retracement signals a bear day for me. (not to mention stochatics are really over bought, momentum falling, short term chaikin falling) Add in Consumer confidence is at 10 am tomorrow are we going to have a bullish start to the day tomorrow?