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Old 10-18-2007, 09:20 AM
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This member is the original thread starter. Re: Candles and VSA



What I thought was no supply was quickly negated the following day and supply entered the market on a nice down spread on increasing volume. Price did probe the top of the previous box, and with higher volume on the down move, decent spread and closing near the midpoint of the bar...would could *think* we've got a little upside to possibly see.

With this being a real estate ETF...I think downside is more to come as we've broken the primary uptrend line. If we do end up closing inside the previous box, look for a continuation to the bottom around 70.

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