September 23, '04. Can you say "Bifercation"?
Thursday. So it's bifercated....so what? No doubt you've heard this 25 cent word on a financial cable station before. It means the market direction is forked, one group going one direction, one in the opposite direction. Like today. The S&P exhibited good downside follow through to yesterday's selling, almost as a Sequel to yesterday's Prequel. The SMH, on the other hand correcting back upwards against yesterday's sharp thrust down. Moreover, you could see this taking shape in the first thirty minutes of trading. But so what? Knowking what kind of day model might be at hand can make or break you're whole trading day, that's what. Come to the chat room for Valhalla Futures and take the course that goes along with it. Learn why day modeling and their accompanying early warning signals can shape the way you trade.