This the kind of volume signature you get in the neighborhood of tops...
The intermediate exponential trendline chart, particularly the left one, shows the price action just above the trendline. That's also usual before price action fails.
With the falling volume across all indexes today, I feel pretty confident we've either seen the top, or it is right at hand.
2 comments:
My five days of trin (which is a very good indicator) is now at 4.62
This is good enough for things to fail now. It was the last nail in the coffin for me.
If up tomorrow again I will add more shorts. Im getting close to a gut-full now.
Also ISE was the highest all year for the close and a # even in the bull market that would cause at least a short term drop
Hi Lagscrew,
Yes, good points all...
Regards,
Mark Lytle
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