/biz/ - Business & Finance

>>18834678
It's been attempting to push through the 50%-60% resistance for the past three weeks. Buy volume has been on the decline every day, excluding last Wednesday on the GILD treatment news, whereas sell volume has been slightly increasing over the past two weeks, and has been higher than buy volume in the same time frame. I don't think there's any more momentum to propel it back upward, and the overall market sentiment is going to be hard hit by reality over the remaining two months of this quarter, whether its wanted or not. It's a massively risky move to try and catch this falling knife and "buy the dip" given the past three weeks, but then again, greater fool still applies.

>>18809206
>pic related
Feasible, but the interesting point here is that the sell-off days of the past few weeks have all had noticeably more volume than the positive days, particularly this week. Wednesday's increased volume on the GILD news seems like an exception to the last two weeks of decreasing buying pressure (on green days) and increasing selling pressure (on red days). We've also seen a slow down in buying momentum for nearly three weeks. This could very well be the start of an increasing in selling momentum and volume, beginning next week.