volume surge, hopefully some pullback here. I cannot believe the market has bottomed but let's wait and see...
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Ban Zhang, on one side is the phantom bar, on the other side is the new high after 10:30am, and the gap is sort of filled...which one do you think is a stronger indicator ?
Thanks!
feibingjia wrote:Ban Zhang, on one side is the phantom bar, on the other side is the new high after 10:30am, and the gap is sort of filled...which one do you think is a stronger indicator ?
Thanks!
new high after 10:30 am is not what I said, you remember incorrectly! Today is gap down so you should look at new low after 10:30am. I have no idea about the statistics for new high after 10:30am after a huge gap down. Looks like such kind of thing happens the low was in.
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nothing to say, cannot believe this, but market is always right, if STRONG CLOSE today then the low was in.
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rebound exactly from MA200. some buy program must be waiting there for long long time.
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feibingjia wrote:Ban Zhang, on one side is the phantom bar, on the other side is the new high after 10:30am, and the gap is sort of filled...which one do you think is a stronger indicator ?
Thanks!
new high after 10:30 am is not what I said, you remember incorrectly! Today is gap down so you should look at new low after 10:30am. I have no idea about the statistics for new high after 10:30am after a huge gap down. Looks like such kind of thing happens the low was in.
Sorry, Ban Zhang, my bad, I did remember it wrongly...
The good thing is that i will never make mistakes about this rule anymore!
Ban Zhang rocks!
this could be a bump-and-run pattern. I never traded this before, so let's just watch, take the opportunity to learn.
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Cobra wrote:rebound exactly from MA200. some buy program must be waiting there for long long time.
i believe this was also the long term trendline dating back to the march lows... bulls needed to defend that and they did so i guess we still buy the dips.