Tuesday, November 14, 2006 9:28:31 AM
Posted by: ContentedTrader
In reply to: None Date:11/14/2006 8:35:12 AM
Post #889 of 889
http://stockcharts.com/h-sc/ui?s=TRE&p=D&yr=0&mn=3&dy=0&id=p36702741796...I know most of you are not into it. Maybe there is a TRE board, I may have to look...
The last 5 days of trading on TRE still confirms that it is still being bought and marked up....It is how I trade, not with indicators which lag and smooth market data. That is like the tail wagging the dog stuff. I want to know what is happening with out all the smoothing, if you rely on indicators, you can miss the real action in the price movements...
Look at how 5 days ago it dropped but closed above the open, in the upper half of the days range. On normal volume. this is bullish, no one panic sold. Next Day opened lower, traded lower, and finished on the high and closed up on the day. On very low volume. That is a key day. They take it down looking for sellers, the low volume tells them there is not much supply there anymore. Selling pressure has dried up... Next day gaps up, runs and closes on its high, putting in a new high for this run, on high volume. Was the result of the previous two days marking down and collecting supply.... ping! Next two days confirm, the run up as real, yesterday was another one of those tests. They take it down, pick up any shares for sale and close near the HOD. Again on normal volume. You cannot predict anything here. But you can track the beast, and get clues if he is moving or sleeping....
All this is easy to see, this is one sweet bull run so far. I would not hesitate to be a buyer near 7, but I am already in....just some notes on the preview before trading opens for me....
In reply to: None Date:11/14/2006 8:35:12 AM
Post #889 of 889
http://stockcharts.com/h-sc/ui?s=TRE&p=D&yr=0&mn=3&dy=0&id=p36702741796...I know most of you are not into it. Maybe there is a TRE board, I may have to look...
The last 5 days of trading on TRE still confirms that it is still being bought and marked up....It is how I trade, not with indicators which lag and smooth market data. That is like the tail wagging the dog stuff. I want to know what is happening with out all the smoothing, if you rely on indicators, you can miss the real action in the price movements... Look at how 5 days ago it dropped but closed above the open, in the upper half of the days range. On normal volume. this is bullish, no one panic sold. Next Day opened lower, traded lower, and finished on the high and closed up on the day. On very low volume. That is a key day. They take it down looking for sellers, the low volume tells them there is not much supply there anymore. Selling pressure has dried up... Next day gaps up, runs and closes on its high, putting in a new high for this run, on high volume. Was the result of the previous two days marking down and collecting supply.... ping! Next two days confirm, the run up as real, yesterday was another one of those tests. They take it down, pick up any shares for sale and close near the HOD. Again on normal volume. You cannot predict anything here. But you can track the beast, and get clues if he is moving or sleeping....
All this is easy to see, this is one sweet bull run so far. I would not hesitate to be a buyer near 7, but I am already in....just some notes on the preview before trading opens for me....
T
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