mashala signed, page-78

Thanks funky.

It is possible to have a reversal huge. Santos shares finished at the day's low on heavy volume on 10/9. I figured waiting till the following day (s) for slackening of volume would provide a better entry but STO has not since traded anywhere near that low of $12.19. So basing decisions on last close price alone is not reliable. What would have been good today would have been to see all the SPP and placement dumpers chucking their shares in first thing in the morning. Then we would have started at our lows and closed at our highs which would have been very bullish.

Finishing at its lows on heavy volume tips the probability towards weakness but it does not rule out strength.

If CCC closes tomorrow in the top half of the candle that is a sign of a strength.