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It takes good strength for stocks to close up gree

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Post# of 8802
Posted On: 06/16/2016 6:32:22 PM
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Posted By: Ronin_Trader
Re: 420 Stocks #6599
It takes good strength for stocks to close up green 3 days straight... in my opinion. It happens but we don't have the strength yet.

In addition, even though people did not like the 8k on Monday, and it was a big red day.... It was also an abnormal volume day. We haven't had a 100 million volume day or anything close to it in a long time. So, since the stock didn't totally roll over and keeping going lower... and with the way it closed up green the very next day after... It only makes sense that it will recapture some of the pps lost and close up green for the week.

So knowing that it will close up for the week.... in order to do that... It would need to close green Friday... we already closed green Tuesday and Wednesday... And it's definitely not ready to do a 4 day green close from Tuesday to Friday... so, that means it would need to closed down today in order to close green, and up for the week on Friday in my opinion.

That's just my guess. It still could be red tomorrow. But I don't believe so. Especially not with the last minute dumper today creating second chance cheapies for people tomorrow.


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