You're exactly right mdp. This "rally" has had absolutely nothing behind it. Volume has been extremely low, which would certainly lead one to speculate as to whether it has simply been manufactured to allow the big money to realign their bets heading into the earnings season. We'll know soon enough won't we?
2 comments:
Was hoping...but there is a wedge support around 12450 on the dow, give or take...wondering if it will hold or not..
If not may be real nice for some more movement...downward.
This rally we had the volume and breadth has been very poor, from a laymens viewpoint.
Big boys want a rally or to create buying to sell into?
wondering...mdp
You're exactly right mdp. This "rally" has had absolutely nothing behind it. Volume has been extremely low, which would certainly lead one to speculate as to whether it has simply been manufactured to allow the big money to realign their bets heading into the earnings season. We'll know soon enough won't we?
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