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However, I have found a method of predicting current day short term direction. Its not my idea, its the idea of a web-talk-show guy named the Shadow Trader, using the breadth concept. Basically, tracking upvolume (volume on buying behaviour) versus downvolume (volume on selling behaviour), comparing these two line to each other in realtime, monitoring the direction and/or gap. Combining this with TRIN and TICK works very well for me in gauging the markets shortterm (intra day) direction. |
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Can you give a url on this method?