Going into today, I knew I would close some swing positions because momentum is beginning to fade. I also don't like how market leaders rose on relative weak volume. This could be a double top forming.
Tuesday, October 13, 2009
Choppy intraday actions
A difficult day for me as I got whipsawed on both ends (buy strength and sell weakness). One of those days, just hard to get a grip... Volume did nothing to confirm price action.
Going into today, I knew I would close some swing positions because momentum is beginning to fade. I also don't like how market leaders rose on relative weak volume. This could be a double top forming.
Going into today, I knew I would close some swing positions because momentum is beginning to fade. I also don't like how market leaders rose on relative weak volume. This could be a double top forming.
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