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S&P 500
5,187.70
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0.13%
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US TECH 100
17,618.80
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0.05%
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Dow Jones
38,884.26
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0.08%
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-0.34%
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Post# of 51779
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Oddlot

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Oddlot

Re: DowDeva post# 49032

Sunday, 10/01/2017 5:16:37 PM

Sunday, October 01, 2017 5:16:37 PM

Post# of 51779
Deva, let me add one more trick that served me well. Assuming you have realtime Stockcharts, look at 1min obv, and also 5min or 10min obv. The floor traders will hold the price while establishing/reversing a pisition but they often reach for fills, which moves the obv. Then the price is put back awaiting more orders. The obv often is a leading indicator, and a price move without prior/current confirmation is often suspect.
Oddlot

Stay on the right side of the cycle!

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