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in range, no direction. probably will try to move to the upper blue line?
Attachments
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[Almanac]
Fridays and Mondays
“When traders and investors are reluctant to hold positions over the weekend and fail to buy on the first trading day of the week, they are showing a lack of confidence. Since mid-March, Fridays …have been poor, and Mondays … have been weak. Improving market performance on Fridays and Mondays would confirm this bull still has legs while the opposite would suggest a rising probability of trouble ahead.” http://jeffhirsch.tumblr.com/post/15973 ... ey-to-bull
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Can't say that I am impressed. Gap open was not as good as yesterday's and the up move is so far about equal to yesterday's drop. Also I am voting with Pasta Boss this move has a machine made look to it. In any event they may overshoot the estimated ADR high but it would be very unusual for price to stay above it for long.