- Today: At last, there was volume behind the bullish price action. I had trouble figuring out what triggered the buying outburst this morning, but the presence of volume was most certain. Second half of the day was a volatile mess.
- Tomorrow: My interpretation of today's rally was that it was an anticipatory move. The first wave of speculators eyeing the bullish move that lies ahead. Therefore, there's a possiblity for this first wave of buyers to get wiped out or be badly hurt before the second wave makes a bigger push upward. Going into tomorrow, I am uncertain of the direction. My bearishness from yesterday got scared away by today's rally. Yet, I'm not convinced enough to be bullish either. Next couple of days will likely be volatile.
Savy, young traders putting everything on the line for a piece of the big pie...
Thursday, February 5, 2009
R.C. Market Report 2.5
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