We're starting to see some interesting action.The Dow Industrials were flat today - on the highest volume since mid-November. That looks to me like the Strong Hands are selling out - and it must be to the Weak Hands (Smart Money/Dumb Money).
Some real funny business went on in the Dow Industrials today and yesterday - especially in last half hour of trading. Somebody is wanting this market to stay up - and they want it desperately. (See chart above showing the last two days trading with 15-minute intervals.) Those surges at the end of day trading are easy to create - and give the impression that the Dow Industrials is stronger than it actually is.
Enough manipulation theories.
The Ozzie Dollar is down - not dangerously; but enough to suggest that our market could be under pressure today.
Gold in Ozzie Dollars was up - due largely to the fall in the Ozzie Dollar (Gold in U.S.Dollars was flat.
So - let's see what today brings. But, unless the Ozzie Dollar recovers, our market is likely to be under a bit of pressure today.
Good luck
Red
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