Thursday, August 2, 2012

Why is ARNA going up on a Down day

Why would a stock going down from 3 days like ARNA and having a bad Relatives strength move up on a down DOW day.

One reason I think is there are people selling other stocks and trying to get into ARNA for a fast return to cover up losses from other stocks or what ever reason.

This stock will go down on a good DOW day since people will again take money out of ARNA and go back to other stocks to trade.

Since most of the people are on the buy side this kind of thing happens with stocks moving down like ARNA. These false peaks are good time to short.

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