Intraday Indicators Negative

Breadth is 3:1 negative and we are seeing heavy call buying. This is not something the bulls want to see.

2 comments:

Anonymous said...

Hello Tsachy

Do you have any explanation for this intra-day rally ?
Do you have any gut feeling for the last hour ?

Thanks

Tsachy Mishal said...

I dont have strong feeling about today. Breadth has improved and is now only 2:1 negative but there is still too much call buying.

The knee jerk reaction is to buy on the European woes because buying on Dubai was a smart move. If those buyers are unsuccessful the last half hour could be ugly.