afternoon sell-off ?, page-7

divergence! - look at the rsi on xjo hourly. It was diverging all the way through that morning rally (cept for a small tilt up at the start). As for buying dips, fundies are playing with other peoples money after all, and they may well also be the sellers at the top of the rally (or is that we traders?) Still, if you caught the bounce off the bottom this morning and went short at the top, it was a nice trade.