17 to 21oct charts , page-2

Thanks Mitta!

Re COH You can see what the sneaky little buggers did yesterday on the daily - just snuck it up on no demand over the last pivot high on the daily - collecting a few shorts stops and attracting a few new longs (hope you weren't one of them Piotr - you mentioned you were thinking of playing the auto rally - might have have got as much as we are going to yesterday).

Have a link here re automatic rallies - Mitta you were mentioning them recently so I found this last night. Do you ever jump on an automatic rally? I think Tom Williams does a bit in that he will buy the high volume down because often there is a reaction back up? Personally I am more inclined to sell the opposite, ie extreme or very high volume upbar.


Automatic Rally