Tuesday, December 1, 2009

Volume

We are on track to have less volume today than we did the day after thanksgiving.

Today i am pretty down and have opened extremely large positions. This could definitely make or break my year. I normally do not like to gamble like this but the market has so many divergences i can't help my self.

Daily: extremely overbought, low volume, MACD histogram and Lines are showing bearish divergence.

Hourly: We are going up on low volume and haven't broke through resistance

Russell and Transports have not had follow through

Banks are severely lagging also.

This is an extremely risky play.

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