I'm sorry - but I'm out of bridges.
And at the moment it looks like I might have to deliver. :)
Today was very bullish. Volume was up - almost double yesterday's volume. Today +1400K, yesterday, +775K. What is going on?
Does that indicate a suckers' rally? I dunno. We can only know the answers to such things in retrospect.
I'm seeing negative divergences all over the show. Here's just one example: the Cumulative AdVol/DecVolLine is very strong. The AdVol/DecVol RSI was at an overbought level and is now showing a negative divergence from the chart. That doesn't mean that a retracement must occur - but momentum is slowing. The odds are cast against further strong upward movement.
Anyway - if you still want to buy a bridge - I've got one down in Sydney. It is well used, but has been well maintained and has many years of service left in it.
Cheers
Redb
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