lisa
That isnt a intraday or daytraders post - that is a market effect.
Yes, if the market is low that day, and accumulation takes place, that is a bullish sentiment.
And yes, I can be down a 100 ponts and be bullish. The bullish or bearish sentiment is forward looking, not end-of-day or -week or month.
I wouldn't call the day bearish or bullish after the fact. It is immaterial at that point other than for a sustained trend. If the market was down and rose later, although still ended negative to the previous day one could say it had an intrady reversal, but whether it is bullish or bearish has to do with accumulation more than price. The market can be flat price wise, but if the volume was substantial, that would speak to a bullish sentiment.
If stocks are being sold and no one wants them, the the market price drops. If they are being accumulated and everyone wants them, then the price rises. If its just changing hands, then some portion of the trading group is bullish in that they are accumulating, and the ones selling, if they aren't doing so with a subsequent price rise, have no sentiment - bullish or bearish.
We beter do the rest of this in private messages.
lastshadow |
