Thank God for Bounces & Band Aides
Trade Page demonstrates false divergences as the large Gap Down created atypical patterns as the market recovered and the UVOL/DVOL stayed in reverse. This is understandable considering that most issues were down so an trade volume had to go into declined issues.
3 Month, Daily - Nov. 27 - Trend is Bullish on this intermediate term chart.
20 Day, 30 min. - Nov. 27 - Sideway Channel is Range Bound. Which way will it break?
2 Day, 5 min. - Nov. 27 - Large Gap Down secondary to market concerns over Dubai World default on debt. Reaction proved overdone and there was a nice 50% bounce. Monday is a new week so "We will see.
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