This entry was posted on Tuesday, November 13th, 2007 at 8:24 pm and is filed under Education, Trades, chart patterns, market commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
I received some questions today if todays big up move confirms the long entry in the SP-500. It does not. Remember the entry is an up day with volume greater than the previous 21 days. We had an up day but volume was not even close.
Could be tough in the short term to overcome that big volume bar from 4 days ago. But hey who knows.
Have a Great Night!
Dave Johnson
November 14th, 2007 at 9:36 am
Yes, there was large large volume during the recent selloff. It is going to be extremely difficult to get up close with volume greatest of 21 days without some kind of “event”.
November 14th, 2007 at 9:41 am
exactly. if you look at the charts I originally posted it could happen in any myriad of scenarios.