Sunday, April 3, 2011

Is this move for real? Part 2

I wanted to follow up on that post with updated charts. Since the last charts, some averages have caught up while one in particular has opened up a wide gap - DIA. It is safe to say that for that index, the last week's move looks a little fake as it was not confirmed by volume. Volume on the other hand seems to confirm the IWM move! We'll see how that pans out over the next couple of days!


DIA



SPY



QQQ



IWM


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