Tuesday, September 22, 2009

No sellers

So why was the pullback so shallow yesterday? : No sellers, no real selling pressure, just longs taking profits and waiting to buy 1052 big time. I was confident about more downside if that level was taken out but was defended hardly. Still have to see what happens at ES1071 level during trading hours, it may bounce off but untill we see real selling here, all pullbacks are likely to be brief and shallow as we were fearing