love this txt from "Master swing trader" by Allen Farley ..classic vol cycle as we`ve just seen here..and waiting now for value buyers to arrive and end the correction....wherever that might be.
VOLUME
"Emotional forces shape trends through all market conditions. New uptrends build crowd
enthusiasm, which attracts waves of greedy buyers. Gaming mentality slowly overcomes good
judgment as prices push higher and higher into uncharted territory. The frantic rally finally cools
and the herd turns nervous. As the market rolls over, fearful selling replaces greedy excitement. The
decline gathers force and continues well past rational expectations. Panic replaces fear, but just as
pain becomes unbearable, value players jump in and end the correction. Price starts to form a
bottom and a new Pattern Cycle springs to life."
- Forums
- ASX - By Stock
- MAY
- TA only
TA only, page-838
-
- There are more pages in this discussion • 1,757 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $104.4M |
Open | High | Low | Value | Volume |
3.0¢ | 3.1¢ | 3.0¢ | $23.16K | 752.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 511097 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 330507 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 511097 | 0.030 |
13 | 1947939 | 0.029 |
9 | 3047022 | 0.028 |
7 | 1614740 | 0.027 |
5 | 1950001 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 330507 | 5 |
0.032 | 477556 | 9 |
0.033 | 400954 | 5 |
0.034 | 1275000 | 4 |
0.035 | 1040266 | 2 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |