First of all, many thanks for your compliments.
There are much, much better guys than me, but they remain silent and make money for smarts.
I will introduce you a masterwork in few days where you can see all wisdom about volumes in one place.
However I am in constant rush, so let me summarize our situation:
I hope that you already have an MV account, at least a 30 days trial. It's free. Believe me it gives so much help to understand stock market and main commodities.
1-day RUA:
Yesterday I sold my 1 unit of SPX as sell volume rose from steady zero.
There was some 40 mins left till closing bell, and a bull surge corrected it for zero again.
Anyway in my earlier post I told to check this every 2-3 hours intraday, and if it rises on 1-day, market is not safe, even it corrects to zero.
As you can see, MVO is declining, and momentum is bearish, both histo remain negative so I dont buy this 'rally'.
RUA 60 min:
Now it's clear that today is a gap buyup, and market could not manage to produce more than a middle gap-close.
While all the gap is not closed and long and short histo and momentum gives bearish signal on 1-day, market is not safe.
I dont have time to show you dollar, hui, etc, need to run.
Thanks again for your all nice words!
cheers: salad
No comments:
Post a Comment