Wow, BAC was hauling ass this morning! (Good call, Bill)
(C) gave it its best, then lost its Viagra.
GTXO and CTGI didn't have much volume today.
LVLT went sideways at 1.12
ABK went sideways
We are still in consolidation. I predicted this, but I really didn't think that it would go on this long. I did say days to weeks though. But the more it bounces under that 8000 and 1500 level there is a bigger chance (IMHO) that this could be quite bearish and we could take a down turn. We can take an upturn also.
Right now it is just a bumpy ride.......Boring and it sucks....the market is moving in two directions at once.
On the ADX....That is the Average Directional Index (ADX) It is a trend predictor. An oscillator. Really a fantastic tool. Check out the piece on stockcharts.com . They give a terrific explanation and illustrations of it.
Ya, I finally went to bed after midnight. I wasn't tired. I went and fixed the tile in a shower today and made it home 15 minutes before the close. I didn't have the slightest idea what I was going to see, and to my surprise - SOS. Another day in paradise.
They didn't release my money yet, so tomorrow could be a good day to buy it.
Anyway, now I have to sort through things and figure out my next ploy.
In a while,
Bill