Posted On: 08/28/2015 11:38:37 AM
Post# of 72446
Here's what trading looks like when the strong hands are buying VERY little more (look at the tiny little dots, as opposed to the big candles) and
"they" are very half-hearted in trying to paint the trades as bearish (look at the tiny little dots under the big candles -- the little ones are probably those 100 share trades that they sell back and forth to themselves, under the price that the big volume trade actually went off at.)
This is different from the chart I usually link to -- this is a ONE-minute chart. It makes the volume hard do read since instead of bars, they do a continuous line. But you can still see what "they" are doing -- and that "they" seem not to care too much today.
Which makes me wonder if most of today's paltry volume is short covering. There was a 10,000 share trade at about 10:50 -- on a day with 23,000 shares volume so far. Hmmmm...... I love the smell of panic in the morning...... maybe I'll get to smell it next week.....
http://bigcharts.marketwatch.com/advchart/fra...p;state=11
"they" are very half-hearted in trying to paint the trades as bearish (look at the tiny little dots under the big candles -- the little ones are probably those 100 share trades that they sell back and forth to themselves, under the price that the big volume trade actually went off at.)
This is different from the chart I usually link to -- this is a ONE-minute chart. It makes the volume hard do read since instead of bars, they do a continuous line. But you can still see what "they" are doing -- and that "they" seem not to care too much today.
Which makes me wonder if most of today's paltry volume is short covering. There was a 10,000 share trade at about 10:50 -- on a day with 23,000 shares volume so far. Hmmmm...... I love the smell of panic in the morning...... maybe I'll get to smell it next week.....
http://bigcharts.marketwatch.com/advchart/fra...p;state=11
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