Appears financials may not be the industry that folks are in love with right now.
Most in this sector had a huge run up. I am not sure if big money runs sectors up or if we help. I guess we follow.
It is like an industry can do not wrong, until they are done with it. Perhaps they run it up, make their money, and fly the coop.
Most in this sector had a huge run up. I am not sure if big money runs sectors up or if we help. I guess we follow.
It is like an industry can do not wrong, until they are done with it. Perhaps they run it up, make their money, and fly the coop.
Comment:
Long red candles possibly exhausted the sellers. Selling can be a chain reaction and to me this is a good long term stock. We are all different. Selling can be a chain reaction and you have the initial huge sell, long red candle, then panic! When sellers become scarce, buyers do come in as the sellers are virtually gone when you see this amount of selling on a strong stock. Herd behavior I suppose. Still trying to figure this one out as I was only watching this when it happened. I did see a consolidation pattern that was definitely struggling and I did think Financials were possibly at a top. Just trying to remember this so I remember it next time I see this pattern is all