we hit my swing line.... Now volume went neutral.... What I wanted to see is a pullback into "NO Volume"... That is a typical Bull flag... Then a volume spike... This move .... isn't convincing
But.. if on the up move volume can increase...
But we are at some important pivot times in the day. 2am 2:30 and 3am....This is just a standard pull back time...
seems to me like an up market just gets exhausted, and needs the Big funds to come in end of the day.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, February 6, 2009
volumes...
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