Maybe that's why volume has been lacking the past few weeks. This whole move up has been a counter trend rally with very little participation and perhaps once we start to see lower prices and selling pressure we will attract more volume. work in progress......
I would also appreciate any thoughts your community has on XLV and IBB. I just put up a post on these on my blog.
ReplyDeleteCrap.. I have an open GS position long. :(
ReplyDeletesalsa: i am not sure why i really have trouble seeing the bulls give up easily here. we'll see.
ReplyDeletecharts and coffee: all these patterns look the same. they are all neutral with slight bearish bias.
ReplyDelete