Robert,
I believe the biggest issue when my technicals were out of wack during the strong UP movements was caused by liquidity. Now, I do not think that liquidity is that big of an issue, since my technicals are saying that we should be going up now, not down, for the short-term. My technicals are now oversold not overbought, and indicate that we should bounce, which we did nicely in the morning yesterday, but totally retraced the gains almost immediately.
If we are going down when the market should be going up then one can assume that liquidity is dropping or some other reason. If liquidity is not dropping and we are going down when we should go up, then it may be other reasons.
Just heard from MARIA that there is still cash on the sidelines, then why are we not popping up as we did yesterday morning. Now, I believe its the interest rate fears. I hope I am logical with such thought.
Seeya
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