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楼主 |
发表于 2009-6-17 01:39 PM
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Monday’s trade was
considered a “90% down day”, which means 90% of the
total issues traded were lower on the NYSE, and 90% of
the total volume was down. Generally speaking, when this
occurs, there is a period of 2-to-5 days of a countertrend
rally develops to work off a very short-term oversold
condition, but yesterday’s early morning rally failed rather
easily – perhaps too easily. It would appear that if prices
can’t rally on the first day after a 90% down day, then
perhaps a change in psychology has developed from a “buy
the dips” to a “sell the rallies” mentality has taken hold.
This would be reasonable given the accrued profits to many
off the March lows, but it may also create a vacuum upon
which prices decline very sharply as buying pressure has
been rather anemic in recent weeks. |
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