Make a Move and I Gotcha!
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SPY 20 Day, 2 Hour - 2.4.11 - Longer Term Trend continues UP! But, note the divergence between the Price Action and the Longer Term "On Balance Volume." This would suggest less Money Flow going to Support the Move. In addition the Price Action is in the Upper Quadrant of the Channel. Could we be "Running out of Steam?"
SPY 2 Day, 5 min. - 2.4.11 - Friday's Price Action was Bullish with a move into a Higher "Value Area." On Balance Volume was consistent with the move. Yellow Lines depict Mondays "Value Area" High and Low. Continued concerns about the Middle East just add potential Volatility to the Market making Direction Decisions more difficult.
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