calling the bottom is stupid, page-13

  1. 9,861 Posts.
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    Kacy

    I agree with you, trying to assess volume is hard over xmas so better to rely on other indicators on a chart, mainly been in for 6 days on indicators, now what will get me excited is if the breakouts are confirmed NEXT week on biggish volume. If not move profit stops up and play safe again.

    Heres my take on weekly
    Green boxes show a few consolidation, and look at the sweak attempt in july followed by the descending volume which alerted to sell off red box.
    So if we have breakout then volume should support it, if it falls lower on light volume then the nov and oct lows couldnt support in.

    So many were justifying volume over the xmas period while so many others took advantage of other indicators suggesting a move north

    Hope it helps

    PS the green box should have started 2 weeks after the red box i couldnt be bothered changing sorry :)))

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