"I am convinced that He (God) does not play dice." - Albert Einstein
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So. In a nutshell, the bears are trying to buy-back these stock certs. but the bulls are strongly trying to create a ceiling to abort a tailspin should these certs. get back into the hands of the bears who sold-off with greed last Friday and Monday.Ignored
DislikedHow to Recognise the Likely Market Top
Assume we have already seen substantial rises in the market and that the prices are now into new high ground (i.e. there is nothing higher on your chart to the left). Then we observe high volume appearing, with a narrow spread, on an up-day – this is a strong sign of weakness.
If the high volume (high activity) had represented mostly buying, surely the spread would have to be wide and up. We now know that the market-makers do not want to give you a good...Ignored
DislikedRemember guys, all lagging technical indicators like RSI, MACD etc share the same weakness and that is they use information from the past. Nothing wrong with that, if you understand and accept the weakness.
'Real Time' indicators look solely at price action, as that is the only real time data we have available, so think break-out boxes, Volume spread analysis, Rate of Change etc.
Combine both types - add a dose of fundamentals and parallel market analysis and you start to see what is really going on.
Good luck to all and thanks to Pop for the...Ignored