Sunday, February 27, 2011

Choppy for a few days


Thinking a choppy few days then we see. The down trend is weak. Perhaps you noticed money came out of the blue chips and filtered down to $30 or less stocks. True signs of rotations and speculation. Cheap stocks could have a good run for a few weeks.

Looks like the Upvolume burned a few dollars trying to move a few points to 1st resistance


The % above 50dma makes me think chop like when we tested 1173 several times



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