Wednesday, June 03, 2009

Continuing to Build Value Lower

Here's an update of the premarket chart; note how volume at bid has dominated volume at offer this morning, as we continue to build volume lower. We're also getting close to returning to the May trading range, which raises questions as to whether we've just seen the head of a head/shoulders topping process longer term. That would be an epic fail for bulls, worthy of Keyboard Cat; we're not there yet, but will keep posted.