Is Santa an institutional dealer??
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     pse
Member
Username: pse
Post Number: 171
Registered: 10-2007Rating: N/A
Votes: 0
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| | Tuesday, December 18, 2007 - 02:15 pm: |  
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the long red candle in the circle, showing a long tail and open + close in the top 3rd, (and occuring after a steep decline), often signals a change is nigh.
if such a candle, with long tail and open/close in the top 3rd eventuates today on the XJO, it wouldnt surprise me to see the commencement of a rally in the next 2 or 3 days.
looking at 16/8 XJO, it's only the institutions that have the power to generate such a turn around.
today at the XJO low, volume on the SPI increased dramatically/disproportionately
Is Santa an institutional dealer??
Time will tell!
"TRADE WHAT IS, NOT WHAT MIGHT BE"
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