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jj, I think you're looking for the wrong things, personally. I always used to want to catch the tops and bottoms, and thats what it sounds like you're trying to do. You mentioned seeing potential buying with positive tests....I'd be looking for that in an uptrend. in a downtrend, i want to see hidden selling, upthrusts, no demand...I don't pay any attention to what i think could be hidden buying, UNLESS it's seeming to strengthen up considerably at a large support area. |
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Yes but at some point in the day buying/selling has to come in and I don't want to be shorting when the bottom has been reached and we're moving sideways just before an up move. That's the kind of background I'm looking for.
I'm not really looking to call the bottom but to see if potentially we're done selling/buying for the day so I can act on "no supply" if at the bottom and not a "no demand" in the same range at the bottom. Polar Bears in Hawaii (if you've seen the boot camp).