Friday, April 29, 2011

Getting Strange.

As we look at this upvolume chart and since we have just had a 3 day Spx rally of over 25 points, I have to wonder how the upvolume can be going down. Last 3 days was 70% then 65% now 61% as market makes new highs.

Here we see what could be a big divergance on the stocks above 50%. We are making new highs but the chart looks toppy hitting a down trend line.
Click chart to enlarge.

I have a 144TDH today Friday 4-29-11 could this end the rally?
End of month window dressing.
Jerry O