The buyers have gone home

By davidc November 14, 2008

There were no buyers

What happened this evening ? There were no buyers , it didnt take many sellers to drive this market down.  A chart of  the futures contract of the spx as opposed to the SPX itself. The futures traders set the tone .. right ? I have noted triangles to be prevelant in multiple timeframes from 1, 5 and 15 minute charts over the last days , in EW terms those are called fractals.  Just a thought.

Link of the hour:

” AAA Spreads Explode “

This market has given me no reason to be long. But I welcome a rally because its always easier to short at the top of a candle as oppossed to the bottom  :)

Categories : Commentary | SPX 500 Trading


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