So much for any strength today based on the indicators. They are now very oversold ... however they can stay oversold. Here is a picture of the Hourly chart of the Dow. The price indicator has moved back down (this is a measure of a price cycle).
We had a 93% down volume today ... but as large of a drop we had today it was not a distribution day (price was lower than the previous session but the volume was not higher than Friday's session). We did have an outflow of just under $1.4 billion for the US DJ Total Market. The volume indicator above is moving closer to some type of bottom and the money flow indicator is moving to a bottom. Question is if we have a couple of more days like today ... we may miss the move down. I had rather wait until the money flow indicator has cycled back up before moving in on QID or TZA ... the only downside is that we may be buying at a higher price. Thursday a week ago looks to be the day one should have shorted.
So much for any strength today based on the indicators. They are now very oversold ... however they can stay oversold. Here is a picture of the Hourly chart of the Dow. The price indicator has moved back down (this is a measure of a price cycle).
We had a 93% down volume today ... but as large of a drop we had today it was not a distribution day (price was lower than the previous session but the volume was not higher than Friday's session). We did have an outflow of just under $1.4 billion for the US DJ Total Market. The volume indicator above is moving closer to some type of bottom and the money flow indicator is moving to a bottom. Question is if we have a couple of more days like today ... we may miss the move down. I had rather wait until the money flow indicator has cycled back up before moving in on QID or TZA ... the only downside is that we may be buying at a higher price. Thursday a week ago looks to be the day one should have shorted. 
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