Wednesday, August 28, 2013

Buy Response

Our analysis yesterday was right in sniffing out a quite a few nuances that could lead to a buy response.  They didn't mess around today, a minor low A period look down and then the grind up was on.

But the buyers didn't put much fear into the hearts of sellers either. Volume was down and sediment was neutral extreme.  And a P formation on the profile is not all that exciting for continuation higher, especially in the context of an inside range day.

My highest odds guess for tomorrow is some sort of continued push higher.  The gap is above and a price-sucking void.  But I'm not high confidence and am on watch for sellers.





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