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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?


To: Pierre Borczuk who wrote (530)2/18/1998 8:52:00 AM
From: Pullin-GS  Respond to of 2120
 
Just a question here... what do you look for in a chart that signals "acculmulation"?

Suststained volume at a consistent level that is notably higher than a previous time period, with little movement in price. I plot Volume-Exponential-Moving-Averages (21 day and 50 day) to get an indication where it may begin. Other indicators include ADX plotted with -DI/+DI as well giving false readings with no follow though breakout, but price level remaining constant.