Replies to post #100951 on Amarin Corp Plc (AMRN)

[FlyFishingStocks]

And you think a "no follow through" tiny 1.3M volume price bar is BEARISH, and the share price is set to tank on the back of it????

I didn't say that it would tank. I simply disagreed with your silly statement that, "the no demand down bar 3 is a beauty." I was trying to make the case that bar 3 upthrusted the weekly high and reversed to close below the close of the previous bar.
That my friend is a reversal bar that also happens to be a false breakout or as some call it, a "kangaroo tail." It doesn't necessarily mean the market will tank but it does mean recently broken resistance - now serving as support - is threatened. We saw what happened: bears won the day, albeit on average volume (20bar). Yesterday's bar was the widest range bar in the past two weeks, yet you seem to characterize these down "no demand" bars as bullish. At the end of the day, the tug of war is either won by bulls or bears. Ticks are what's important - more so than volume. Ticks are the very make up of every price bar. They are the consensus "votes" regarding the value of any entity traded. In this case, votes for higher value - higher prices- have been temporarily stifled at resistance. The bigger question now is whether more votes for lower price values will be wagered in the days to come. Price (ticks) trumps volume.

[rafunrafun]

Awesome call, as always. Does everyone not realize yet that that there is no method to this madness? I love it when people think they found a way to beat the system. NOT HAPPENING!

[BioChica]

We have certainly heard the banter for sometime. One day it may come true. Perhaps this summer we may see a volcanic eruption.