Another good news from US ... DJ will rally again ...

JPMorgan Chase posts 2Q profit, surpasses Street

JPMorgan Chase posts 2nd-quarter profit of $2.72 billion helped by investment banking business

• By Ieva M. Augstums, AP Business Writer
• On Thursday July 16, 2009, 7:13 am ED

Ok let me try too.

When an investor tries to BUY UP a stock, his intention is to drive up the price. When he tries to drive down the price, his action of selling called SELL DOWN.

The table that you showed tells us that the stock price is going down and it is seller manipulating the market. You see more SELL DOWN in red.

Likewise, if you see more BUY UP, there are more buyers in the market and the stock price would likely drive up.

There will be a timestamp for each transaction that is done with volume in that transaction for either SELL DOWN or BUY UP.

Volume will give an indication of whether the stock is moving up or down. If you see many big volume transactions in the BUY UP, meaning Big players are in the market to drive up the stock. SELL DOWN is the reverse way.

Just my thoughts!

Hi weishen81,

Buy Up means buying from the seller, which tends to be good, if the seller queue is all eaten up by the buy-up, the seller q will jump up to the next higher evel, vice-versa.

Normally, I only pay particular attention to those huge volume transacted to roughly gauge the possible direction the price will move, tats about all.

More importantly, I look at the "trade summary" to get a feel of at wat price level is the most volume being transacted  to roughly gauge at wat price the support is at. But of course, mkt price are dynamic and percieved strong support price may change the next day, thus still more important is the candles, trendlines, support, resistance, candlestick and line chart patterns.

I hope my perception is correct, others feel free to disagree with me and offer their views.

Hi richtan and TA veterans,

  Anyone mind to pls kindly advise me on how to read a Time and Sales table? What important information can i actually lookout for in it and what does the BUY UP and SELL DOWN means for the different pricing at different times? And the volume means the amount of pple buying and selling at that time?? 

 Sorry to trouble you guys. Thanks alot.

Wa... like dat what will happen to those who snapped during the great excitement yesterday?...

Sure to 'pengsan'!...

No.... no... plse do not thanks me as I dun advocate buying or selling at any point in time,

Whether to buy or sell, each individual need to decide based on their personal judgement.

I only advocate buying on dips (for uptrend) and selling when u spot a reversal candle on chart.

We do not have to trade everyday unless the buy or sell sign appears in the chart, be it candlestick patterns, line chart patterns, break of support or resistance, ma, indicators, etc.

But of course again, as I always reiterate, TA is not infallible, so set your stop-loss n dyodd.

At this point in time, looking at the candle, it is not a shooting star.

Rules of Recognition:

(1) Prices gap open after an uptrend.

(2) A small real body is formed near the lower part of the price range.

(3)The upper shadow is at least 3 times as long as the body.

At the current moment , the open is 2423, high is 2434, low is 2396 n current value is 2396,

therefore shadow = high - open =11 n body = open - current = 27, thus shadow/body = 0.41 < 3

(4) The lower shadow is virtually non-existent.

Even if it is a shooting star, confirmation is definitely required by the next day candle showing reversal.