TRADINGOLOGY » buying declines http://tradingology.com Home of Trading As A Business Mon, 05 Jul 2010 16:08:48 +0000 en hourly 1 http://wordpress.org/?v=3.0 There are signs that the market is being 'bought' on the declines http://tradingology.com/there-are-signs-that-the-market-is-being-bought-on-the-declines/ http://tradingology.com/there-are-signs-that-the-market-is-being-bought-on-the-declines/#comments Tue, 10 Mar 2009 03:10:47 +0000 Admin http://tradingology.com/?p=815 Continue reading →]]> TODAY’S STOCK MARKET VIDEO REVIEW

I stated yesterday that: “To most market players, the market ‘should’ rally because of it’s extreme oversold position. My analysis says that the market is extremely weak and is not yet ready to rally. We may have a small uptick tomorrow (60 points or so on the DOW) but it will probably not last.”

Well, we rallied almost exactly 60 points early today before it faded and closed down 79 points on the DOW.

There are signs that the market is being ‘bought’ on the declines. Will it be enough to overcome the massive selling pressure?

WATCH TODAY’S VIDEO REVIEW:

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