My best response would be to say, "Looking at the first chart, here the largest gap up days 12th, 23rd, 29th had volume almost twice the day before. That is what I want to see before I back the truck. I moved back to 50% cash today.
On the second chart today was the average and not twice the average / day before. But this chart is show as you have suggested, after the first of October we are seeing higher highs and higher lows.
Are you saying the rise today lacked conviction?
Big money has not stepped up to AMAT yet. The guy upgrading Brooks and others said, "AMAT was a little to pricie".
The 10 minute chart shows a good rise near the end.
This was the shorts covering, at least some.
So you use Thomson I-watch to go with the institutions? How exactly does that work? You buy after a heavy institution day?
Yes. alot of my trades are actually in afterhours, watching the day's volume and the institutes involvement.
Now take this veiw,
stockcharts.com[w,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!Lk14]
Here if you were to take 9-11-01 data out the actual trend is still down.
I use the Williams R% with anything above -20 is a sell signal.
And finally the BB has the stock bouncing off the top, another sell signal. If someone "AD" shorted everytime the stock hit the top of the B Band and then bought 3-5% less, he would have done pretty well.
Here too, shows a down trend in tack.
stockcharts.com[w,a]waclyymy[pb50!b200!d20,2][vc60][iUb14!Lk14]
BWDIK.
Stan |
