paddington bears - bend at the end tuesday, page-17

Much shorter report today than usual.

Dow Industrials down -0.61% on very low volume. Looks like the American market was afflicted by the same problem as the XJO thread yesterday - lack of interest.

Note - a very narrow range day on very low volume.

The second chart above is the IWM - ETF for the Russell2000 (aka Small Caps).

Big sell-down on very heavy volume - then rebound - around 3.00 p.m.

I think that ended the retracement working off the big up day on Friday.

I think that's bullish.

Reason for the late posting. My blog on Wordpress has been suspended for violation of terms of service. That usually mean the blog is used for blatant commercial purposes such as get-rich-quick schemes or lots of advertising.

My blog is assiduously non-commercial.

I've been trying to sort out the issue. Hence my late posting.

Redbacka.