Dow 30 infrastructure deterioration during weighted run up to all-time new highs...
#1
Posted 16 July 2007 - 09:54 PM
The following chart depicts the number of INDU stocks making new highs and new lows without regard to volume compared to the daily INDU. The number of INDU stocks making new highs during the past 2 day INDU "rally" to new all-time highs dropped sharply while the number of INDU stocks making new lows rose sharply.
Cheers,
Bob-C
#2
Posted 16 July 2007 - 10:20 PM
...Is actually a classic merchandising technique that specialists have used for many years to accumulate stock (higher volume on declines), while at the same time, keeps many traders sitting on the fence and guessing which way the actual overall trend is because of the lower volume highs.the number of INDU stocks making lower lows on higher volume rose sharply while the number of INDU stocks making higher highs on higher volume dropped sharply...
Be careful.
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.
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#3
Posted 16 July 2007 - 10:31 PM
http://traderfeed.bl...ynamics-of.html
#4
Posted 16 July 2007 - 10:34 PM
#5
Posted 16 July 2007 - 10:49 PM
Sometimes, not always...and usually winds up as a simple snapback, but it also depends on the pattern.Fib, whenever they go up on thin volume out of a strong base, they retrace quite a bit of the gains anyway though...
To be a thief, you do have to think like one.
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
#6
Posted 16 July 2007 - 11:20 PM
...Is actually a classic merchandising technique that specialists have used for many years to accumulate stock (higher volume on declines), while at the same time, keeps many traders sitting on the fence and guessing which way the actual overall trend is because of the lower volume highs.the number of INDU stocks making lower lows on higher volume rose sharply while the number of INDU stocks making higher highs on higher volume dropped sharply...
Be careful.
Fib
Fib, this merchandising might apply to individual stocks and perhaps to a smaller index like the INDU 30 but not so much to the broader indexes. So it would probably be better to apply such TA to the broad market and sector money flow which is much harder to merchandise rather than individual stocks.
Echo
Sometimes, not always...and usually winds up as a simple snapback, but it also depends on the pattern.Fib, whenever they go up on thin volume out of a strong base, they retrace quite a bit of the gains anyway though...
To be a thief, you do have to think like one.
Fib
Not to get you in any trouble with the law, but what are the top 3 rules for thinking like a thief?
Echo
#7
Posted 16 July 2007 - 11:58 PM
#8
Posted 17 July 2007 - 03:12 PM
Carl Swenlin, founder of Decision Point and original Fearless Forecasters board.