just drifting ..
Tuesday, December 14, 2010 at 07:19AM
Demi/ YourPersonalTrader in CLF, Coals, FCX

The writing was on the wall (last hour selling) from the onset of trading.

In all…not putting much into the day just yet, as the ‘seasonal trade’ allows for moments of easy downside whenever buying dries up (lack of liquidity).   A little selling with no bids on the board allows for exaggerated  moves like today’s last hour.   Considering  there was no news and a technical “R” in the 1246/1247 , (a couple H&S are in this zone),  it’s more of a case of buyers losing their cars at the malls lots after some lunch hour shopping and not making it back to their desks or just a case of not even getting out of bed. 

Article originally appeared on Your Personal Trader (http://www.yourpersonaltrader.com/).
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