Today's highest volume is at the lows.
We're breaking nearby daily swing points on about everything I'm short with Quality of Volume (accelerating volume). This is bearish.
Price may reject the lows today but we'll be right back down there.
Someone gave sage advice yesterday: "Shorting rallies is the game"
Started by
unosuke
, Feb 12 2009 01:18 PM
3 replies to this topic
#1
unosuke
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Posted 12 February 2009 - 01:18 PM
Volume has contracted in a bearish upthrust as price retraces today's decline.
Today's highest volume is at the lows.
We're breaking nearby daily swing points on about everything I'm short with Quality of Volume (accelerating volume). This is bearish.
Price may reject the lows today but we'll be right back down there.
Today's highest volume is at the lows.
We're breaking nearby daily swing points on about everything I'm short with Quality of Volume (accelerating volume). This is bearish.
Price may reject the lows today but we'll be right back down there.
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#2
10Shekel
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Posted 12 February 2009 - 02:07 PM
Man.. check out the volume one those $80 Feb SPY Puts....tis you UNO?
#3
unosuke
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Posted 12 February 2009 - 03:47 PM
Bought second half position in SDS, DXD, TWM. . .
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#4
relax
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Posted 12 February 2009 - 05:04 PM
unosuke
how did today's last hour compare with tuesday's high volume hourly - on ES they were pretty close, have problems with my data right now, but remember tuesday's es hourly as around 1.4 million, which was close to today's hourly candle
