fatsoh you need to look beyond the day to day and study the chart taking note of the trading ranges....when the market shifts its range up or down the blue chips and specs will also shift their range. the blue chips may then flucuate on a daily basis with the indices but the specs can be a bit more erratic.
the market is currently in the process of defining a new range and CVI is following. yes the dow did have a dead cat bounce last night but basically I think it will keep going down now till it bounces off 9900 (61.8% retrace of the entire bull market) it will then establish the boundries of it's new range....CVI is following but just not exactly in sync.
CVI Price at posting:
7.2¢ Sentiment: None Disclosure: Not Held
