25 - 29july weekday charting , page-115

  1. 3,195 Posts.
    first doji bar indicated stopping volume, demand coming in below 0.28. second bar tests back into top of first bar on decreasing volume and closes near high, so tentatively positive. however the third bar clearly shows no demand, and so the SP rolls over on no interest. with strength in the background this bar might be considered a positive re no supply, but in this case we have a weak background and so I'd interpret this low volume downbar as purely lack of interest / demand. bar five and six I interpret as merely continuation of no interest in the stock. but bar seven looks another potential lower volume test of the stopping volume first bar. this however is not validated/confirmed by the eight bar making a lower high, lower low, lower close. just looks like the SP is in breakdown mode at this stage. the final bar seems to now unequivocably confirm supply in the sub-0.28 area - the SP decreases well down into that previous stopping volume area on increasing volume

    in other words, looks piss weak to me...

    so dunce cap and sit in the corner time? lol..
 
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