LG; I see it a lot like you, I'm not saying BK , yet I do think more
down side, and I doubt they can close up today, if they do it will
be a lie.
AND re> Today's intra day retraces, with divergence between indices, suggest to me that the S/MM are unloading accumulations during the intra day moves
I see it that way too, they are unloading on any kind of a
rally.
Like you I want to see very heavy volume in the Blue Chips, right
at their low of the day, before I think any up move will
be for real.
Jim
PS, You and I may not see politics the same , but we seem to see
the market moves the same way..with you maybe being a little
ahead of me. <G>
My having been a seaman all my life likely causes me to see
the world from an angle that most "landlubbers" can't quite
see. I think most seaman wind up with a different types of
reference frames , that is those who travel.
It's not the same as the jet set or regular tourist gets either,
as we tend to gravitate to the more seedy side of the places
we visit. <G>
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