Discussion in 'Trading' started by duard, Dec 27, 2006.
Run-up for the New Year sell-off?
There will be no new year sell-off if everyone expects it.
5% drop in the domestic indexes cometh Jan 07' is in the works say I.
higher highs on less and less volume is uber bullish imo
I love 100% up room to go $$$
There is likely to be a pullback until 10am tommorrow or perhaps even lunch then a retrace to today's (high/close).
Actually, the market will go up tomorrow, then down, then up, then down, then sideways, then........what it does every day, every year.
Just like today's trap em' at the HOD, MOC, then sell-off the accumulated positions after all the daily position swap completed.
Usually low volume holiday season days are uptrends. Noone wants to dump on low volume.
In general, the buyer is more patient, hence more of a trend, the seller is more panicky and wants out ASAP, hence nosedives.
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