When the weekly day traders do their job and a chart is looking nice as in this example.. the weekend comes... inevitably the "weiner dog formation"
appears early on a Saturday. Maybe from inexperienced traders dropping the ball in combination with heavy pockets taking advantage. It usually precedes an impending dump in favor of the bears. This patern can stop a good bull run in its tracks.
appears early on a Saturday. Maybe from inexperienced traders dropping the ball in combination with heavy pockets taking advantage. It usually precedes an impending dump in favor of the bears. This patern can stop a good bull run in its tracks.