It was on a roll since the market open in the pit late Sunday afternoon.
It runs out of steam in the regular open.
It's a like a horse who started so fast in the early lap then suddenly lagged behind.
Monday, November 28, 2011
YM did not make a breakout from the pullback at around 11:00 am. ET.
Instead, it starts to bow down after the lunch break as can be seen from this 5-min. chart.
No follow through!
Though there is a tendency for a breakout before the close, but the risk is high the way I read the price action.
Not much conviction on the part of the participants at this time.
Instead, it starts to bow down after the lunch break as can be seen from this 5-min. chart.
No follow through!
Though there is a tendency for a breakout before the close, but the risk is high the way I read the price action.
Not much conviction on the part of the participants at this time.
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