The collision of global markets and social mood

Thursday, April 12, 2012

Follow Through

Yesterday the market followed through . . . with the bearish case.  It rallied on very low volume versus its high volume sell off.  1378.24 remains untouched from below, and price closed "in the middle" of the range I'm looking at to do business, which means I'd either like to see it about 10 points higher from yesterday's close or 10 points or more lower from Tuesday's low.

The overnight session looks choppy and confused.  If that feeling should flavor today's regular session, I'll be looking for a flush towards 1350 sooner than I thought.

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