Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, February 5, 2013

The First Blip

Stock Market Technical Analysis Blog

Click on image to enlarge

In the market today we got our first blip and it was intense enough to probably wipe off all the fresh shorts that accumulated in the past few days.  Once they decide they are about done on a market push they normally shift into stage two where their primary objective is to mess with the shorts to create as much erratic havoc as possible.  Looking at the charts above, it's easy to see how simple it was for them to blip it up today but how hard it will be for them to do it again tomorrow.