Hi Jako
Thanx for adding that chart with comments......
What I find interesting is the highest volume bar where the sp closed on the high. Interesting that the next day it opened higher but was swamped by supply coming in, to close on the low. Again second highest volume day where the bar closed just shy of the days high. Then the same thing happens again. Price opens slightly higher than the day before yet closes at the days low. So examples of significantly high volume days containing a fair amount of selling(SOW's in high volume up bars...) What I look forward to hearing is why on the second shakeout/test bar there is greater volume? Is it because it was a successful test where demand overcome supply and then over the next 3 trading days. that intital demand continued, but was not excessive on the breakout, so looks legit to me.....
Jako, I was just waffling to myself as I made an attempt to work through the chart from left to right. I actually have no idea which parts are potentially on the money, and which are not....
If I am jumping the gun, and it is too early to begin responding to what I wrote, then no probs at all........When I look at a chart, I try to interpret it. The funny thing is, it is starting to feel like the pennies are finally beginning to drop in a small way....
PS There are no such things as stupid questions here guys.............and girls...............
Cheers
GF
