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Zombie Part 2

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Zombie Part 2

Postby Trading.AdvantageCom » Tue Aug 14, 2012 8:33 am

(Like a Zombie, not much changes…) While comparing zombies and our current “walking dead” stock indices yesterday I said “…I mentioned the day’s preposterously low volume with a better close. By the way, at the close of the session, the ES had more aggressive sellers than buyers…and it managed to keep from liquefying into a bowl of zombie puss.”

NOTHING HAS CHANGED! BEWARE – ZOMBIES ARE ON THE PROWL.

Not only was Thursday no different, it was horrible by comparison. Volume, volatility, and the daily range once again pathetic. Total volume in the ES was just 1.179 million, which was 47% less than the rapidly declining recent average.

Even the heretofore non-investigative zombie reporters are wondering what is holding up this market.

Until something changes, the zombie horde is in charge.

Trade well and follow the trend, not the so-called “experts.”




Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia.

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Value Areas:

ES 1401.50 / 1397.50
POC... 1400.50
YM 13147 / 13105
NQ 2719.75 / 2711.75
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