I heard “shooting star” today and started getting excited. I’ve been bearish since Monday, and hurting ever since! Now, a nice, bearish pattern like this one could mean some relief. But, I’m seeing bearishness across the board wherever I look on the trading sites. Such strong sentiment among the pros seems almost too bearish. And I really won’t be surprised tomorrow if markets continue to meltup in defiance of gravity and other fundamental laws. Still, I am long FAZ calls and quickly running out of patience for them!
Don’t mind the volume vacuum. I suspect that only means smooth sailing and no resistance as prices float and float and float…
