Ask Vendit Off-Topic Questions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask Vendit Off-Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jill who wrote (5779)	3/5/2005 7:50:16 PM
From: Walkingshadow	of 8752

Hi Jill, Looks like that 12 noon candle on the 5 minute chart Thursday was indeed the bottom for AAPL: 139.142.147.22 Message 21099014 Message 21099247 Message 21098814 It was a classic supportive volume reversal signal. Also classic was that the reaction occurred only partially at noon. What I mean is, the nature of the signal indicated a strong up move from that level (with very low downside risk), but that move occurred over the rest of the session and on into the next session. Note also there was another surge of similar volume at the open the next day, again as AAPL was falling precipitously after gapping up. That sort of sustained reaction to a huge accumulation of supportive volume is very typical (and not over yet). In fact, that is exactly how I think QQQQ will finally reverse. This strongly indicates that AAPL is an excellent long position here (medium term especially) that has very low downside risk compared to the potential gain. T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next