Time to crank up the fear factor…

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This is a 2-day 15-minute chart with a 50-bar EMA and an OBV indicator.

Oops… gap up on the open… set the day’s high before 10:00… cross the flat line a few times and give back 100% of the unimpressive 3-hour rally in the last 30 minutes… humm… not what the bulls want to see. About the only positive is the fact that yesterday’s low served as support and OBV (or use RSI, if you prefer) made a higher low (divergence). Problem is that late-day selling… Think some people are gonna have to get scared here… nothing like a cleansing capitulation to refresh!