Replies to post #24727 on Winners Circle

[tagthatstock]

basically,, the etf is dead,, bulls just dont know it yet.

1) all highs were on low vol
2) all recent new highs were met with heavy selling
3) only 1 time did it get incredible vol,, yet no new recent high and again met with sellers.
4) notice how the down bars are getting more frequent,, traders taking the deadcat bounces to exit,, (prolly at minor losses or flat)

[3xBuBu]

Tag, you still can post charts here even you're a free member
just use the following format


what I see in your chart is:
1. the volume of selling keep going up for cases 1 to 4
2. the bottom occured after it passes the EMA60
3. the bottom is near after it passes the EMA60 but need ddtional indicators to pin point the entry
4. the volume of selling keep going down for red arrow cases, for these cases, no conclusion made
5. for the last cycle, the buying volume is increasing, good signal or more selling is coming?

[magician]

this mkt is close to if not topped imo tag, i agree 100%...still dancing at the bull party but one foot is outside the door!!!!!!!!!!!!!