Almost a carbon copy of yesterday morning. $TICK breadth is confirming the up move; however, the market is testing short-term resistance or the bottom of the range of last Wednesday and Thursday. This is also the third up day in a row. The three day rule states that the smart people are the buyers on the first day, and semi-smart people on the second day. Smart and Semi-smart people don't buy on the third day.
Charles
No comments:
Post a Comment