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Wednesday, July 22, 2009

Bull 7, Bear 0

Bulls has been soaring 7 white candle in a row already. The bulls totally own this market now. Just incredible.

But the question now is: do you want to get in now? No. It's not for me. Why? I'd rather prefer to get in on retracement. Stocks does always retrace, believe me. Look at yesterday market internal, it's negative despite the rising on price. This indicators measures the difference between the NYSE total volume flow in and out, when the number is negative, it simply means selling volume more than buying volume. I could consider it's the 1st market distribution day for yesterday. Let see how it goes for tonight.

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