Today was confirmed as a 90% down volume day, where down volume was 93% of total up and down volume.
More importantly to us, total volume on the NYSE rose by a whopping 38% over Fridays.
IMHO, the market will try and shrug this off, we will see the normal 2-7 days rally, but it won't go anywhere and dont expect to see new highs.....then the decline will resume.
Lots of fluff and pomp has been priced into this bloated market....
D
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