(Total Views: 463)
Posted On: 10/08/2018 4:30:40 PM
Post# of 75040
Decent start to the week in my eyes. Price vwas up on
Strong volume at just about two times the 50-day average.
It closed at the mid-range of the day's price action which is neutral to me,but
6 days in a row of above-average volume and we have held above key resistance levels
on both the daily and the weekly time frames. This supports the bullish turn around I
think is in play.
I am going to focus on the weekly chart since I am looking to this as a longer-term play
So going forward I will likely only post my thoughts at the end of the day Friday or sometime over the weekend.
I am focused on the price and volume action that tells me the story I need to know
If you are not interested in my thoughts on that then just skip my post going forward.
Best of luck to all whatever your plans or methods.
Strong volume at just about two times the 50-day average.
It closed at the mid-range of the day's price action which is neutral to me,but
6 days in a row of above-average volume and we have held above key resistance levels
on both the daily and the weekly time frames. This supports the bullish turn around I
think is in play.
I am going to focus on the weekly chart since I am looking to this as a longer-term play
So going forward I will likely only post my thoughts at the end of the day Friday or sometime over the weekend.
I am focused on the price and volume action that tells me the story I need to know
If you are not interested in my thoughts on that then just skip my post going forward.
Best of luck to all whatever your plans or methods.
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The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking and reaching your own conclusions - Jesse Livermore
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