This does not mean that you should throw risk management to the wind-it is the most important concept in trading.
5 years ago
Friday, September 24, 2010
Volume Again
Someone with some firepower seems to be suppressing the SPY from taking off here. With 3C all negative I can only ASSUME Wall Street is protecting a short position. I can't pretend to understand this action, but I also see unambiguous negative divergences in the timeframes that count.
This does not mean that you should throw risk management to the wind-it is the most important concept in trading.
This does not mean that you should throw risk management to the wind-it is the most important concept in trading.
4 comments:
TRIN closed at 0.59 (which should indicate a close down the following trading day). But i don't think it's worked all month.
VIX closed at 21.77. Still one of the lowest readings in 3 months.
BRANDT. Is this BULL move for REAL? Look at the BUT VOLUME at close.
BRANDT. Is this BULL move for REAL? Look at the (BUY) VOLUME at close.
Common sense says to me they had a huge head start, why 3x did someone step in and sell-off the market above that resistance line prices broke through, the volume was huge on those declines. It was if someone was defending a short position. End of day is hard to say because there are so many bots racing around that are triggered on algorithms. I'll have to look it up again, I use to know the reason, but there huge spike you see on the last bar everyday has something to do with clearing trades. I'll try to find that information this weekend for you.
See the last post as far as your other question.
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