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Post# of 17133
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circlegridder

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circlegridder

Re: mjc1 post# 5819

Friday, 01/26/2007 12:38:09 PM

Friday, January 26, 2007 12:38:09 PM

Post# of 17133
If you remember I specified it would be big volume with a small red candle or even a doji. If there is a big volume day with a big red candle I would consider that very bad. No I am looking for a "blowoff bottom". Large volume but no real price movement. That indicates the selling is over. Everone who wants to sell has sold and the stock is ready to move up.
It may not happen that way but it is what I look for as an entry point.

I didnt know is not an excuse.

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