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Are we looking at distribution?

  #4 (permalink)

San Diego California
 
 
Posts: 129 since Oct 2015
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bearpondtrader View Post
I'm unfamiliar with your terminology shown on the first chart, open Ramp and close Ramp, could you comment? Thanks


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Are you aware of the 3:30 ramp? Usually at that time ET, indexes like to rally into the close(probably because we are in a bull market). But its usually smart money since big forces come into play during the open and close. So when we were near major bottom in the markets, the smart money was buying at those times accumulating while the tone of the market was very bearish.

Now I feel the same thing is happening but inverse....

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