Monday, April 8, 2013

dWbShadowTrader Quad

The reversal on the Advance/Decline Breadth early on consolidated for a good part of the morning with Up/Down Volume flat. Once price cleared the Moving Averages (MA's) on the 13 minute interval and retested from above it was off to the races. Breadth rose all the way to the close along with Up Volume and Cumulative Ticks. The bounce off of the MA's was right at the Point of Control (POC). The market was able to climb above the 20 day value area by the closing bell. The volume today was very light, however.