GU what we got
I mentioned a while back (6 weeks back ) GU may test 1.7000. The fact it happened all of a sudden 700 pip in 3 days based on ? and ES hit 1000 at same time based on ????? seems really odd to me , so lets look at some volume charts for the different things
chart 1 ) dollar index , low volume down day followed by high volume down day today on a narrower spread candle than Friday , could be buyers entering the market.
chart 2) gbp futures
Friday and today both 300 pips . Note today how volume was 1/3 more than Friday .. really think pros are buying here ? ask your self do you like paying 1.5 times what the sticker price on a car is ? The high vol suggests sellers on the strength today into 1.7000. I suggest today was loaded with sellers.
chart 3) declining vol on 1000 point move .. move based on ? fumes...... today's up candle had hardly any volume behind it. Not really low but buyers losing interest
It is not if the market is going to correct .. it is when . Maybe late august ... maybe September...dj may not even see 10,000 let alone 20,000 some prat is talking ABOUT on CNBC
I think this whole move in the markets is some form of mark up recently based on fumes , been enjoying it but am very wary of it.
I mentioned a while back (6 weeks back ) GU may test 1.7000. The fact it happened all of a sudden 700 pip in 3 days based on ? and ES hit 1000 at same time based on ????? seems really odd to me , so lets look at some volume charts for the different things
chart 1 ) dollar index , low volume down day followed by high volume down day today on a narrower spread candle than Friday , could be buyers entering the market.
chart 2) gbp futures
Friday and today both 300 pips . Note today how volume was 1/3 more than Friday .. really think pros are buying here ? ask your self do you like paying 1.5 times what the sticker price on a car is ? The high vol suggests sellers on the strength today into 1.7000. I suggest today was loaded with sellers.
chart 3) declining vol on 1000 point move .. move based on ? fumes...... today's up candle had hardly any volume behind it. Not really low but buyers losing interest
It is not if the market is going to correct .. it is when . Maybe late august ... maybe September...dj may not even see 10,000 let alone 20,000 some prat is talking ABOUT on CNBC
I think this whole move in the markets is some form of mark up recently based on fumes , been enjoying it but am very wary of it.
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