Thursday, October 28, 2010

Inraday Charts

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Yahoo Finance main news: "Stocks rise after earnings, drop in jobless claims" - it looks like the market ignores today's positive news. If this continues it will be another confirmation of correction down.

Right now, I'm on 1-min and 5-min charts. The indexes continue to be volatile and these charts reflects their rends. 15-min and 30-min charts are a little bit slow in reaction on intraday changes. They still have positive money flow,yet, I would continue to monitor them to see changes in the flow. If they become negative, that could mean that we may see stronger move down today

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