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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject9/19/2000 2:11:52 AM
From: TraderMERL   of 100058
 
DrBob, ATVI. Just ignore if i am asking too many questions.
Here is the rub. New price high with a failed test of upper Bollingers, price run up on high volume, recent pullback to 13 EMA on weak volume, price still relatively high but MACD histogram close to center, MACD slow signal above fast above center, Chaikin ugly, RSI and AD downtrending, hanging man at peak of price, Bollinger bands compressing.
This to me suggests and explosive move coming but in which direction?? Theory says failed retest of Bollinger along with High price with histogram near center indicates possible downtrend. But the pullback was on LOW volume. So is volume the KEY. Which way will it go? PS No money involved just an academic exercise
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