martis's - royal spanking friday, page-244

Re Mum and Dad Investors - Superfunds and Retail fund managers where you only need a $1000 to participate and come with a monthly savings plan etc - I'd call those the Claytons Professionals - The Smart Money wannabees/would be if they could bes.
NAB was being heavily sold into along with most of the rest of the market - see that nasty upthrust - its how smart money flip us the bird - bastards.
A definite preempt and blind freddy can see we are betting on red tonight.
I thought the DOW was looking ok actually, just needs some testing and shes right - plenty of overhead weakness to work through -

But our market has put in a very weak day.
I usually bring up the NO DEMAND days - but they are really secondary signs of weakness and work best with preliminary weakness already present - real high volume up and closing low, is a preliminary sign of weakness - to be confirmed by a lower close next bar - and that may move us sideways a spell at best and at worse, well we do have some strength below us as well so there may be opportunities to short short term and maybe go long longer term if we dip.
Just have to play it by ear. The immediate short term trend is still up, till its down. But gee we have to pay attention when the boys are real active as indicated in the volume.