4 days of the spx.... there is a very nice trade channel here. volume on this sell off looks good, I imagine it is declining vs Tuesday, but Low volume up days high volume down...
But there is that potential for a Wedge here.... it doesnt resolve till like tuesday..
if we can get that classic big sell off thursday, we can maybe flush out on Tuesday.....
AND OPTIONS EXPIRATION NEXT WEEK... Pivots Monday/tuesday... or Friday/monday.
Thursday, February 12, 2009
where are we?
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