this is the wave we have been talking about.. So.. as I've been talking about, the sell volume is lighter than the buy volume... Problem is the buy volume is sudden..... it's Hedgies trying to fight the tape... but it's not setting off short covering because the shorts have conviction.. and it's possible that there isn't short interest, just Sell interest.
Thursday, March 27, 2008
3 minute chart of the spy from this morning.
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