Dow is ready for a squeeze.
4 days in a row we have stars in the DOW chart. We got above of the neck line (green) on the day of Apr 1st, and stay above it for all 4 days after that. VOL is shrinking, hence I am thinking it’s a shrinking-VOL-flat-correction, a typical sign for a big bull market. It looks like market has no direction for 4 days, while shrinking VOL means less players on the table, normally when players are away from the table the whole market should go south slowly (remember the shrinking-VOL-slow-fall type bear market? players go away then the buying power is getting weaker, market head down.). Why DOW is not falling in these 4 days while VOL is falling? Players are leaving but buy power maintains? hmmm…. who is bidding on higher price even others folks are leaving? Giving out money for free? Having this kind of buying power, those guys can’t be fools, then why not pump up the whole market? Not the time yet, these bulls might be just collecting chips from those wishful thinking bears. Once they have enough chips, bulls just need to start the show, then bears will cry for the chips they left on the table earlier, of course, they will need to pay a much higher price. 