Afternoon trading February 26, page-39

Noticed something. A perfect rebound set up - has to be a perfect rebound that everyone sees coming. Just at the point where it's about to pop, a high volume red bar smashes it down. It will continue down, but so long as it isn't followed up by repeated high volume red bars, but it often signals a massive pop coming later - maybe even a few days later.

Reason: retail traders would never sell a perfect rebound set-up.

Not relevant to momentum DT.