Silicon Investor (SI) -- The First Internet Community

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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: OZ who wrote (4022)	9/16/1999 3:37:00 AM
From: Teresa Lo	Read Replies (1) \| Respond to of 18137

The CME releases actual contract volume for the emini during the trading day whereas it only releases tick volume for the big S&P. I find it more helpful to look at the actual contract volume of the emini rather than the tick volume of either one. As for your question concerning the Bearish Counterattack Line, you are correct in your observation that the white candle before is missing but since it was the first one of the day, on a gap up, we didn't really have much choice but to take it as it is and call it "sell on news". Perhaps a more technically correct name for the bar itself would be called a marubozu. In this position, Steve Nison calls this a bearish belt hold pattern, but technically there should be no shadow at the top of the candle like there is on this one, even though it's tiny, tiny. It should open at the high - period. intelligentspeculator.com