Tuesday, August 16, 2011

Monday 08/15: low volume upday

Friday was kind of a non-event, most indices closed near the level where they opened.
Monday went up again, but we're seeing less and less volume on these updays. An indicator that the 'rally' might be coming to an end.

Today (Tuesday) we're starting off with a gap down and the market is trying to fill this gap. No convincing move or volume so far, I don't think we'll break yesterday's close. But if we get there, I'll look for a shorting opportunity.

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