Find out whether the buyer is stronger tha
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Posted On: 08/29/2022 12:00:51 AM
Re: energy_wave #90693
Find out whether the buyer is stronger than the seller, or the opposite, and act accordingly. Volume will give you your answer. … …At the turn, some stocks may soar into new highs (or may make new lows, if the downward trend is about to be reversed), but the majority are simply traded in heavily without gaining or losing ground. … If a major turning-point is imminent, study the action of the second- and third rate stocks. They may give you early confirmation of the reversal. For example, in 1929 the inactive stocks began their decline some weeks ahead of the market leaders.”
a very interesting article!
https://www.zerohedge.com/crypto/there-trophy-calling-turn
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