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Re: [VSA] Volume Spread Analysis Part II
Tuesday 22nd April 08.
I expected today to be an up day, but the market decided otherwise, there was no distribution at the end of the market, so it was not so easy to know that Tuesday would be down. Today on the Sp Emini there was distribution at the end of today, and so I expect Wednesday to open down on the open.
Yesterday on the Dow cash market, we had a test, this failed today, meaning the market is weak, there was a test Thursday and Friday was up, so there was strength last week, but the market has turned bearish today so I now wait for a low volume up day or 'No Demand' to confirm that the market is weak.
There is an image of me with some clerks outside the Chicago Mercantile Exchange in Chicago for you to view.
Regards Sebastian
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