All of the major indices experienced high volume reversal days, which had to expected after the recent runup. After the recent string of steady up days, this mornings gap up was begging to be faded. Also as expected, it was fast and furious. It seems like volatility really is returning to the markets and the VIX had a nice bounce higher near support today.................read more at downtowntrader.com
Good Trading,
Joey
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True and I agree with your analyze. I did find a site which somewhat picks out those who might very well have a gain in the short run:
http://www.minrsi.se/dagens_en.php