Wednesday, April 18, 2012

Yesterday's rally - strike 4

Yesterday was not a 90% up volume day despite the big rally. That's an important sign of weakness.

Another sign of weakness is the fact that the market came to the sellers after 1 p.m. and it got sold into the close.

So I think the last days represent just consolidation before the market starts falling again.

Here is what could happen.

> Today:


> February - March 2011:


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