In-depth technical analysis on various financial markets with emphasis on short-term trading and the art of charting.
Friday, January 22, 2010
MONSTER VOLUME - INSIDE DAY
Take a look at the selected ETFs from yesterday's sessions, particularly the volume. It's noteworthy, except for the fact that many individual names remained spotty. I saw many people day trading like hell on a day like today. Success probabilities significantly decrease on days like this as I mentioned many times before. I see a high probability of an inside day forming today, doji or harami.
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