Hi all, if anyone is interested have a few charts that show how one can track when a potential weak setup is possibly about to unfold.Obviously there are many different shapes, forms and varying weak setups. Displayed here is only one example and its mainly interested when
HIGH volume up bars have their lows broken, and that is after what appears to have been in these examples a mark up phase.
Now before any holders run out and jump off the nearest cliff, after a long basing period ie. accumulation, there will come a point when the big end of town will mark up a stock, good. It may then unfortunately break its series of HH/HL's etc, breaking the lows of some high volume up bars, ahhh its all over we say..... BUT it may still be quiet okay for the LT hold as this may or may not, be simply an area of re-accumulation and NOT the dreaded distribution.
That's not the point of this post, this is only showing how one can spot/avoid/take advantage of this potential weak setup that involves HV upbars..
btw the stock SMN, we started on Friday to watch some potential weakness appear, today it came to fruition, that is not the same weakness as these three charts, that form of weakness was purely thru having a series of weaker breakouts, nothing to do with the lows of some high volume up bars being broken.
hopefully this may provide some insight/thought.
dyor
TON, TNG KNL
