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Genting HK US$ Daily Chart Update
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sgtrader
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01-Jan-2011 18:39
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BEWARE of High Volume and High Price Range - this could be a trap that the professionals setup for you to buy in while they are happily unloading their inventories to you. Check at those vertical dotted lines marked with "W", those were huge volume and price day. If the professionals were so bullish to make the price range so wide and huge volume, why were there be selling after the next day? Shouldnt the price continue to go higher with good volume? Have you been trapped in this kind of scenerio before when you watch a particular stock starts to move wildly up and you decide to take a trade instead as the reward is too good to resist and you feel like a champion after having a part in the game. What happen the next day when the price starts to fall lower each day and you now feel lousy. You thought to yourself, every news that you can find are saying good things about this stock and you are sure that the stock price should continue to climbing and not falling. You starts to notice that after the heavy transaction day, daily transacted volume has been getting lower and lower and eventually below average level. How can it be? You are trapped once again to believe that a new uptrend is on the way but turn out to be a joke. This is one of the classic traps that setup by the professionals to trap average traders like you and me into believing that the stock is bullish while the professionals are thinking bearish and want to unload as fast. This game is tough and cruel, it's not simple afterall.... By interpreting bar by bar, I am fortunate to decode what the hell is going on behind the scene and trade along side with the professionals. Expert Indicators such as "Trap Upmove", "Lack of Demand", "Supply coming in", "Weakness coming in", "Top Reversal", "Professionals are distributing" are able to warn me before hand and take appropiate action immdiately. For more charts action: http://volume-price-spread-for-metastock.blogspot.com/ Cheers |
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