Monday, September 21, 2009

SRS - Gets Huge Volume and Divergence

Just as expected...the potential reduction in money available to put a bid under the market...possibly coming from the recent money market exodus may be adding to the market's head winds...certainly the accumulation volume for the SRS is showing significant evidence that the market is ending it move.

SRS has moved from 273 to under 9...if that's not capitulation I do not know what capitulation is. There is a flag developing here that points to a small move lower in SRS and then a major rise.

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