The bottomed dropped out in Baltic Dry Index (BDI) today, down 27.20%, this is a very unusaully large move. I am not sure if this is a mis-print or not, I have not yet found out what caused this, more later if I do!!!
**Update, I have spent the last hour trying to find out if this is a mis-print, I also have an e-mail into Stockcharts. Still nothing. If this is a good print, this is a crash IMHO.
***Update, I cannot find any reaction to this so I am calling it a mis-print.
**Update, I have spent the last hour trying to find out if this is a mis-print, I also have an e-mail into Stockcharts. Still nothing. If this is a good print, this is a crash IMHO.
***Update, I cannot find any reaction to this so I am calling it a mis-print.
Tick-Tock, it is taking for ever for this final wave to wrap-up, but there are signs as the STO indicators on the shorter-term charts are starting to roll over to a sell, even on the above hourly chart the STO has rolled over, but the RSI still has not broke below the trendline. When the selling does start, there are a few points of support that once the first gets broken, the rest will start falling like dominoes.
It was a mixed day on Wall Street with a lot of sideways movements trading in tight ranges, Boring. Breadth was only 1.58:1, advancers, on very light volume, 782M share traded on the NYSE.
It was a mixed day on Wall Street with a lot of sideways movements trading in tight ranges, Boring. Breadth was only 1.58:1, advancers, on very light volume, 782M share traded on the NYSE.
yep.. it is a misprint
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