Friday, March 4, 2011

Sell the news.

Early read at 5:20 PM

Today was almost carbon copy of Feb 1st 2011

Upvol 88% vs 88%. Point gain 22.53 vs 21.47 spx

Tick 1218 vs 916, trin .57 vs .61

What does that tell me? Friday will be a flat (inside?) day and that is bullish.

Other than that we look for failures.

Was today a buy the rumor and Friday sell the news?

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