[Tasuki]

See attached 15 minute ES chart. I'm not sure what the proper definition of "upthrust" is, but I show [at vertical dotted magenta lines] what I consder to be two types of upthrusts--one that ends on the high, and one that ends on the low. In both cases, the highs of the bar were the highs of that pivot cycle, and prices dropped significantly afterwards. In both cases, the highs of the bar pierced the resistance formed by the previous bars. In both cases, the volume was higher than previous bars, but still below the average volume (represented by the yellow line of the 50 period moving average of volume). My thinking is that the volume is just enough to get the retail traders excited, and sucker them into going long at just exactly the wrong time, but not so high that the pros are throwing alot of money at this game of deception.

Comments welcome.

As an added attraction, I'm sure you'll notice some beauiful "No Demand" bars on either side of these Upthrusts.