This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Thursday, 4 October 2012
The 20x1 angle (weekly) comes in at 5872 this week
R Russell - Lowry's Selling Pressure Index is now 170 points above their Buying Power Index. When Selling Pressure clearly dominates as now, the market is on potentially thin ice. It takes volume to push stocks up, but with a lack of volume stocks can fall off their own weight.
Thus, I consider the current area of low volume to be bearish for stocks. In fact, any increase in volume seems to be associated in this area with lower prices. KWN
R Russell - Lowry's Selling Pressure Index is now 170 points above their Buying Power Index. When Selling Pressure clearly dominates as now, the market is on potentially thin ice. It takes volume to push stocks up, but with a lack of volume stocks can fall off their own weight.
ReplyDeleteThus, I consider the current area of low volume to be bearish for stocks. In fact, any increase in volume seems to be associated in this area with lower prices. KWN
ETX
Thanks ETX
ReplyDeleteStealth murder of genius bulls http://scharts.co/SKaFbk
ReplyDeleteETX