07-16-2010, 11:02 AM
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| Analysing Open Interest with Price and Volume Hello All
I read that Increase in Price + Increase in Volume + Increase in Open Interest is a Bullish Sign as it shows that the market is strong.
Now, on some days i see that Open Interest is high and thus it confirms the market strength.
But, on the very next day, the OI declines and then again on the 3rd day, OI increases to new high percentage level.
How to read such situations? |
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