Tick charts in 4 time frames are up; A/D and breadth impressive. If sellers don't push it back, it appears we'll have a trending day up. That is, the path of least resistance today is up. IMHO
Tick charts in 4 time frames are up; A/D and breadth impressive. If sellers don't push it back, it appears we'll have a trending day up. That is, the path of least resistance today is up. IMHO
Last edited by nickola.pazderic; 12-20-2011 at 10:59 AM.
Both NYSE and NASDAQ volume qualify for a CANSLIM FTD so far but it was the same at this time Friday.Originally Posted by nickola.pazderic
Volume starts abating especially on NYSE.
Billy
I follow top traders at Slope of Hope and Market Anthropology, and I have noticed a clear pattern recently: they place counter-trend days off key support with the intention to capture the over night move.
If I were long TNA from the close yesterday, it would be very tempting to take a 10% profit right here and walk.
Of course, I have no feelings. But I do suspect repeats of Friday are captured, if only indirectly, in the robot code.
Cheers!
Strange behaviour in IWM today. Jumping all over the place. Is the Real Time Robot giving any more clues ?
Trev
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