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19,112 Posts.
3682
25/02/13
20:16
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Hi ewob,
Bit of a potentially nasty looking bar today on CLO today.
Quite a narrow spread, close off the highs, high volume.
TG called it "End of a Rising Market"
although it probably doesnt really fit the criteria exactly.
If it was gapped up into fresh high groung and volume was the highest recently it would have looked more like "EoaRM"
Could still be an attempt to absorb supply from the left.
But in isolation, you would have to think supply came in.
Not a great look today
Tight Stops hey.
cheers
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