Battle
#1
Posted 06 February 2007 - 10:18 AM
#2
Posted 06 February 2007 - 10:33 AM
Mark S Young
Wall Street Sentiment
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#3
Posted 06 February 2007 - 10:44 AM
#4
Posted 06 February 2007 - 12:00 PM
#5
Posted 06 February 2007 - 01:07 PM
There's actually an indicator that can help in deciphering between the two...On Balance Volume.Consolidation or distribution?
What does it say?
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
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#6
Posted 06 February 2007 - 01:18 PM
Consolidation or distribution?
Whether it is an accumulation or distribution can be somewhat concluded with the volume and implied volatility patterns and it is not an accumulation. However, my observation is the purpose of every consolidation is to see whether there is any demand at a certain price, especially in an uptrend, this always ends first trying the upside before a reversal lower. The only clear pattern of failure for me is a broken rising wedge which implies higher prices to begin with, it probably fails almost all the time since they usually have also a parabolic structure, the problem then becomes how high it will go...
#7
Posted 06 February 2007 - 01:33 PM
#8
Posted 06 February 2007 - 01:49 PM
And the daily?my hourly es ..both moneyflow and obv suggest distribution
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
Posted 06 February 2007 - 02:14 PM
#10
Posted 06 February 2007 - 02:21 PM