Not so enthusiastic

Two days of rallying, but it’s likely to be mostly short covering.

We’re going to consider Wednesday’s accumulation day a potential low in the market.

We want to see a Follow Through Day of heaving buying come in some time after Monday as an indication that the buying is real, rather than shorts cashing in on profits.

The fact Thursday’s volume is less than Wednesday’s is a potential sign that buyers are less enthusiastic.

Leave a Reply

Your email address will not be published.