Wednesday, May 16, 2012

Persistent Selling

4% +/-
10 Day 4% Differential
Selling has been picking up over the past three sessions and the clear negative trend can be seen by the the down days over the past 10 sessions.  Even though selling is picking up, it hasn't been the type of capitulation selling that leads to the exhaustion to the downside.  Looking at the longer term Primary this move is measured and setting up thus far like area A rather than area B.

Primary Trend
As noticeable here, when overwhelming selling hits the tape a spike in the Primarily will be soon to follow.  As of now this has been much more methodical, but one blowout day can quickly change this assessment. 

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