GU:
Today's PA/volume action is dissapating my bearish sentiment. To me, it looks like the drive down was for position building, which has stepped up in two consolidation levels. The stage is set for a break, believe it or not! Too bad it is late in the day and just before holidays. Volume is falling off now, possibly this is it for the day, week, month (?). But one never knows!
Today's PA/volume action is dissapating my bearish sentiment. To me, it looks like the drive down was for position building, which has stepped up in two consolidation levels. The stage is set for a break, believe it or not! Too bad it is late in the day and just before holidays. Volume is falling off now, possibly this is it for the day, week, month (?). But one never knows!