Thursday, April 19, 2012

After-Hours Report:

************
After Hours Report:
Today was a weird day and market structure was just odd. The afternoon break from the candidate balanced day morning distribution was drip-drip lower on very low volume. You just do not see very many breaks lower from the morning balance like this that just slowly grind. To boot, there were multiple negative tick 800 and negative tick 1000 readings: And with such strong program selling, and very little price movement, usually it's short-in-the-hole-time.

But today's reversal was to occur at the very visual point of control of three days ago. And then it BOUNCED!

I don't ever recall such an unusual double distribution session.

***********






No comments: