it's the weekend 8-10apr , page-9

  1. Cabbie
    9,255 Posts.
    lightbulb Created with Sketch. 820
    clock Created with Sketch.
    08/04/11
    22:28
    Post #: 8239478
    Just thinking how many chartists overlook volume when doing their analysis (just adding to the thread - not replying directly to mitta3).

    IGR is a favourite so I'll comment on it's chart - I've stripped off all the good stuff for clarity ( Andrews and Fib. etc) but I've left the RSI as an indication - slow and fast stochs all give an overbought signal so I've left them off as well, MACD is creeping up from negative territory so that's good -- just wanted to concentrate on the candle and volume.

    Photobucket

    The point I guess is how many times does a candle pattern exhibit a turning point in a chart, esp. when you marry some volume data into it.? Lots.
    Likes Created with Sketch. 4  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Real estate dynamics & changes raise investor doubt
right-arrow Created with Sketch.
MIN MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned
right-arrow Created with Sketch.
FMG Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%
right-arrow Created with Sketch.
TRP Tissue Repairs soars nearly 32% on TGA approval for wound healing gel
right-arrow Created with Sketch.
MM1 Geochemical work at Newington picks up gold and copper anomalies for Midas
right-arrow Created with Sketch.
MND Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
right-arrow Created with Sketch.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.