Slight disconnect between mostly supportive internals and price action. However, I’ll grant that the AD line is sustaining some slow acting damage. There was no doubt some profit taking at the open and the real test for yesterday’s presumptive reversal still lies ahead. A tricky day indeed.

Related posts:

  1. 08.05.10 – Price Holding but Internals Negative
  2. 06.16.10 – Price Defies Internals
  3. 10.14.09 – Price Resistance on Strong Internals
  4. 06.25.10 – Internals Firming