Traders Laboratory - View Single Post - [VSA] Volume Spread Analysis
View Single Post
  #840 (permalink)  
Old 11-21-2007, 03:00 PM
Anonymous's Avatar
Anonymous Anonymous is offline
Anonymous has no status.

 
Join Date: Jan 2007
Posts: 458
Thanks: 13
Thanked 100 Times in 60 Posts
Re: [VSA] Volume Spread Analysis

Quote:
View Post
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.
Very nice TG.

A Test in a rising market is a powerful sign of future strength and allows one to surrender to the market.

Reply With Quote