Friday, February 19, 2010

LOL!

Well, I think the only thing a sane person can do is laugh at this market :)

Here is the micro count. I switched over to my alternate count with the higher high today. However I think the last move could be very sneaky indeed. The door is being left open for a bullish move on Monday. If there is any strength behind it (volume and breadth) ..... well, as I said to Gumbo, my last nerve has already been destroyed by the move :)



However, we are finally seeing some negative divergence on the 60 minute chart.



And we have a nice volume spike at the end. Probably just OPEX covering ... however ...



Addition Sat - 12:00 - TSX chart for iaf

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