Crazy PA ending the week..
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DislikedI guess the market fake me out also, 146.20-40 here we come..
Then kaboom!!
Ignored
DislikedI've been jumping in and out of the sharp moves down, but i've been confused by the PA. Here's why.
Attached a 4hr chart showing steadily declining volume since last Friday. Last Friday's volume looked very much like buying volume. The volume bar on the big move down was low, much much lower than I would have expected. The preceeding bars may have been Distribution, but looking at last Friday, i'm not convinced.
Almost looks like some very big players knew the Obama news and what it would be. I would have expected a ton of volume on that downmove...Ignored
DislikedI've been jumping in and out of the sharp moves down, but i've been confused by the PA. Here's why.
Attached a 4hr chart showing steadily declining volume since last Friday. Last Friday's volume looked very much like buying volume. The volume bar on the big move down was low, much much lower than I would have expected. The preceeding bars may have been Distribution, but looking at last Friday, i'm not convinced.
Almost looks like some very big players knew the Obama news and what it would be. I would have expected a ton of volume on that downmove...Ignored
DislikedYour second Chart Showing...They Bought it ...I think....
Lets see where the Market ends UP in next 4 HRS...Ignored
DislikedThe daily chart clearly suggest to sell all rallies. . .
Not sure why we are even talking buying at this point!
Major support had been broken at 146.10/30 area and a daily close below will be a clear suggestion of a continuation patterb south!Ignored
DislikedAre kaboom will continue or end at 144.60 there...then going up 153...Is there any sign now?Ignored
DislikedLook at the daily chart - we are in the early stages of this fall. . . look how long we consolidated before the breakout - this means the direction has been decided and it appears to be lower. . . Like I've said we will test weekly and monthly gann and stops will be triggered below that. . .
Until then I would strongly consider selling all rallies. . . As I have been stating for the last two weeks!
Not sure why u are thinking that we are going to now pop back to 153. . . Major support has been broken and we are making a new daily and weekly...Ignored
DislikedLook at the daily chart - we are in the early stages of this fall. . . look how long we consolidated before the breakout - this means the direction has been decided and it appears to be lower. . . Like I've said we will test weekly and monthly gann and stops will be triggered below that. . .
Until then I would strongly consider selling all rallies. . . As I have been stating for the last two weeks!
Not sure why u are thinking that we are going to now pop back to 153. . . Major support has been broken and we are making a new daily and weekly...Ignored