johnaus - garden variety correction wednesday, page-74

one thing that leads me to believe this is just a short blip up on the broader way down is that all the QUALITY mid-caps I'm following are consistently putting in no demand up-thrust type bars on the intraday chart, they're being sold into on this rally for sure..,. I won't be surprised if all these mid-caps I'm talking about end up putting in no-demand bars by EOD... which given the weakness in the background is, um, not great.

and... GAPS GAPS GAPS

And all these stocks, as well as the sort-of Blue Chip AGO which I follow, have a PERFECT gap fill to the upside opportunity today after all those nasty gap downs left and NONE of the one's I'm following are filling those gaps up. They're being sold into before they can get near em. And in some cases I'm talking about a gap above of only a few %, and in the small-cap / mid-cap market 5-10% is nothing in terms of swings...