Traders Laboratory - View Single Post - YM Ananlysis 1/11/07
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Old 01-11-2007, 08:45 AM
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This member is the original thread starter. Re: YM Ananlysis 1/11/07

HAHA! Hey Buk. That indicator is a valume breakdown of the delta of bid vs ask. Simply put, more buyers than sellers the line is green and vice versa. The extreme area just alerts to me to two things...either capitulation or the start to a heavy trend. Also...in my divergence strategy, that extreme will give me something solid to watch for as far as a divergence between that and the price movement as evidenced by the blue trendlines you see on that indicator.

Thanks for the kind words on the analysis

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