xjo weekend zoomba lounge, page-72

Just looking at the DJIA, especially last night's bar.

Funky is looking for a potential pull back,perhaps next week.

David Weis, doesn't like the look of Thursdays Action, and expects a pull back, perhaps to around 1302'ish on the S&P.

But we have options expiry included in the volume on Friday.

Fridays bar on the Dow was a narrow spread Up Bar, closing off the highs.

To me that bar would be a potentially weak bar even if it was on average volume, and if it was on low volume, would show potential No Demand, still a potential SOW.

I just don't like the look of the quite narrow spread, close off the high's.

If I was a professional trader and I wanted to hide my supply from the market, options expiry day would be a good time to do business.

...and David Weis detected supply was potentially present on Thursday as well.

I'm long a couple of stocks at the minute (only smallish positions though), put I now expect a pull back shortly as well, maybe next week.

cheers