Traders Laboratory - View Single Post - a VSA chart a Day
View Single Post
  #20 (permalink)  
Old 04-26-2007, 05:23 PM
Vercingetorix Vercingetorix is offline
Vercingetorix has no status.

 
Join Date: Feb 2007
Posts: 18
Thanks: 0
Thanked 0 Times in 0 Posts
Re: a VSA chart a Day

Yes, that was a no supply day. If you look at the volume you can see that the weeks before today the liquidity in the stock really dried up, allowing for the stock to rise 30+ points in 3 days (counting today's after hours action). It will be interesting to watch the action tomorrow to see what the professionals will do. I think that they will gap the stock up above 134 to put it in new 52-week high area which would put all all shorts in the red, from there they'll either distribute or hold on to the stock and let it run.

Reply With Quote