I have a gut feeling we are going back down, many stocks I saw today are up against resistance, GSPN, INKT, BRCM, etc. turned red.
Despite the rally today, the volume was low, as compared to recently.
Does this sound plausible:
OK, on Tuesday this week many had to sell or send in cash from the margin calls they received on Thursday last week from the bloodbath on Tuesday, Wednesday, and Thursday last week.
Remember, they have 3 days to sell or send in cash once they're notified, or their securities can just be sold by the broker.
Now, what if many received margin calls on Tuesday this week, from the bloodbath that day, and now have until Friday, tomorrow, to send in cash or sell?
Look at the chart, is there a pattern, from the Thursday last week slide to the Tuesday this week slide to the Friday this week slide?, notice a pattern?
finance.yahoo.com^IXIC&d=3m
CNBC just reported Trim Tabbs has outflows reported, and that many are looking for us to go back down.
Be on your toes tomorrow, IMO, any bad news could whack us again. |
