Disturbing Action

In the early going we are seeing call buying and the market is sinking to the lows of the day. In a vacuum that is disturbing.

3 comments:

Market Owl said...

I agree. Bearish action. Today looks like its gonna be one of those drip drip downtrend days into the close.

Tsachy Mishal said...

Lets see. We might just need a good shakeout. The market is quite sold out.

Onlooker said...

Ha! So much for drifting lower (my comment from previous post).

But this is better as maybe we can shake it out and get the fear up a bit more. Tested 1150 but the selling pressure was pretty high (RSI, TICK, TRIN) so we should go down again to at least test it again, I would think. That will be the key for the day.