spring a ding or dong!, page-16

Hey Pewal

Im just discussing as well, all well intentioned here. Not great with the written word so please dont take my posts the wrong way as looking for a fight.

My take on yesterday was it was just retail investors/ speculators. The SM was no where to be seen.

I follow volume and spread as my key indicators.

The very easy/ basic rules are,

Weakness is seen in up bars
strength is seen in down bars.

If you have light volume, for that to be seen as strength it needs to be a down bar. Light volume in an up bar is seen as no demand, to then take i t futher. Whats sitting in the back ground??? A few years of a down trend. And a 5 month trading sideways pattern. We alost touched the bottom of the trading range and then yesterday we headed north. But look at the tiny volume????

What would of been better was it to touch 2.3 cents with the blue bar i've drawn in on that volume.

So for my part ts still a watch, if you could get in at 2.3 the bottom of the current trading trend, and it would also coincide with the long long term grey support line and ride it back up to 2.9 or 3 cents for a 25% profit in 1 to 2 weeks is what I would be after.