ccc trading , page-3

Well, now we have hit .255 we don't really want it to go below .250. The close today will say if it was no supply or no demand.

The logic being:

Above .250. Selling pressure was very little to the point of no follow through, then bounced easily up. this indicates no supply.

Below .250 Selling pressure was very little to the point of no follow through, then bounced easily up, then fell back down. This indicates no demand as there was even less follow through with the buying.

Down days expected on the DOW this week which gives the trade negative pressure, so it would have to be a very good setup to jump in. Tight stops if I do.