[VSA] Volume Spread Analysis

[TinGull]

Searching thru some charts and found this pretty one...

[TinGull]

and TIE on a 5min. Speaking of real time VSA signals...where do we think this will go?

[RAVIN]

The prices could be marked down to 31.6 levels, if the vol. is low, then that would be testing for supply as there is buying pressure in the background indicated by that red bozo on high vol. In that case the prices could rise,
however if prices approach the low of that bozo which is a support level with vol. then it will break it to the downside. Those are the possible scenarios with the info. in front. Should be ready to play it eitherway.

[ranj]

	Quote:	RAVIN
	The prices could be marked down to 31.6 levels, if the vol. is low, then that would be testing for supply as there is buying pressure in the background indicated by that red bozo on high vol. In that case the prices could rise, however if prices approach the low of that bozo which is a support level with vol. then it will break it to the downside. Those are the possible scenarios with the info. in front. Should be ready to play it eitherway.

What is a Bozo?

[Wookey]

Hello,

Can anyone tell me what's the opposite of Up-Thrust?

Wookey

[TinGull]

a test would be the opposite

[Reaver]

Just started on a VSA book.....awesome so far. Right in line with what I am using any way...awesome stuff. Great way to amplify the information I am viewing as it is.

[mister ed]

	Quote:	ranj
	What is a Bozo?

Hi Ranj,

Bozo refers to a Marubozu (sometimes spelt Marubozo) candle, basically candle with very minimal shadows, or no shadows at all. I am sure someone will be along with an even more detailed description, but this is the gist of it.

If you Google Marubozu or Marubozo, there is more info out there, I found some at :

http://www.streetauthority.com/terms...bozucandle.asp
and at
http://www.iqc.com/101/candle_marubozu.asp

[Reaver]

	Quote:	ranj
	What is a Bozo?

You rang?

[MC]

	Quote:	Reaver
	Just started on a VSA book.....awesome so far. Right in line with what I am using any way...awesome stuff. Great way to amplify the information I am viewing as it is.

Is that an ebook...could you PM me with a link to find it cause when I google it I get lots of BS sites it seems. I'm interested in VSA, are there any other books you guys would recommend?

Thanks