MIDDAY SELLING
Hopefully most didn't buy into the great TRIN reading Haines saw early this morning- or the "only down 90" cramer saw when he yapped about the bottom this morning.
Note the DJIA down 330 and the TRIN now at .80- It is pretty meaningless today IMVHO- more meaningful - the action of the internals with 4400 net losers between the NYSE/NAZ.
Margin clerks probably accelerating the down turn at this hour so we probably see a bounce before the close.
posted by DAVID at
1:55 PM
1 Comments:
Well said, it seem too many looking a break of 1200 and heading to 1170...
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