Thursday, July 22, 2010

7-22-10: Thursday -- Mechanical P Formation


WHIP! Up down and up and down. Today's gap and open-drive print today makes some sense. If for no other reason than it was opposite action versus the last couple of days. Even the late day break of the VWAP on +50k volume had no follow through.

Today was an example of how this market follows technical levels. This whole game is so computer-driven.

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