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Day Trader’s Weekend Aftermarket Lounge 27-29 Mar 2020, page-304

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29/03/20

20:23

Post #: 43763185
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Originally posted by MemeFx ↑

and a few more looking at the XJO

First New Highs Lows Second pan from bottom

There's still about 60+ stocks on Yearly Lows, but that is way less than the hundreds of a week ago.
Very few stocks taken to yearly highs.

https://hotcopper.com.au/attachments/image-png.2074199/?temp_hash=dcb91eafc374ca6e38add1e70c0f94bb" target="_blank" rel="noreferrer noopener">https://hotcopper.com.au/attachments/image-png.2074199/?temp_hash=dcb91eafc374ca6e38add1e70c0f94bb" alt="https://hotcopper.com.au/data/attachments/2066/2066867-ee3edeed59625cd9244b08ac5ae4f2dd.jpg" class="bbCodeImage LbImage">

And lets look at the range of movement
I won't go into too much detail, but
- the middle pane represents the daily range of each bar
- the bottom pane the ATR

They are both showing that the ranges we have seen in this move and seem, for now at least, to have maxed out - volatility, on a number of metrics, seems to dropping.

This is one of those "watch this space" moments.
Perhaps the sign we are looking for will be best described by an example.
A 200 point move at a time when the average range is 600 points is just noise
A 200 point move at a time when the average range is 100 points has more meaning.

https://hotcopper.com.au/attachments/image-png.2074209/?temp_hash=dcb91eafc374ca6e38add1e70c0f94bb" target="_blank" rel="noreferrer noopener">https://hotcopper.com.au/attachments/image-png.2074209/?temp_hash=dcb91eafc374ca6e38add1e70c0f94bb" alt="https://hotcopper.com.au/data/attachments/2066/2066877-68393046c8707ebf2eec12fe1da0f895.jpg" class="bbCodeImage LbImage">

Enjoy your isolation !

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First 304 Last

Day Trader’s Weekend Aftermarket Lounge 27-29 Mar 2020, page-304

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Day Trader’s Weekend Aftermarket Lounge 27-29 Mar 2020, page-304

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