Wednesday, October 29th. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
The big guys have their selling in a down trend ...
What big guys? The Institutional Investors.
When Institutional Investors (who are the largest group of stock owners) keep reducing their selling, it allows smaller investors or smaller upside volumes to drive the market higher because the anchor has been eliminated.
If you look at today's chart, you can see that Institutional Investors have been in a selling down trend since October 17th. when there was a downside cross-over on the selling's trend lines.
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