GDX volume pinball# Stock
N*n
1 楼
Observe how heavy volume bars rule GDX chart: 1) They show up either
at the head or the tail of a move. 2) They could dictate boundaries
on subsequent price movement. 3) They tend to get retested.
E1 on Apr15: 74M shares, Selling exhaustion. Sideway for 2 months.
E2 on Jun20: 67M shares. Selling exhaustion.
L1 on Jun28: 75M shares. Excuse me! L1 launched rally.
L1 challenged E2 on Jul1: E2 pinned L1 rally down. L1 retested.
L1 challenged E1 on Jul23, E1 pinned renewed L1 rally down.
E3 on Aug6: 39M shares. Exhaustion while challenging L1.
L2 on Aug8: 65M shares. Excuse me! L2 launched another leg up.
E4 on Aug15: 66M shares. Exhaustion while challenging E1.
L3 on Aug27: 66M shares. Excuse me! L3 launched the down leg.
E5 on Sep12: 64M shares. Exhaustion while challenging L2.
L4 on Sep18: 110M shares. EEEEExcuse me!!! Backed by E2 & L2 it
knocked price back up.
Expect E4 & L3 to eat into the L4 rally and L4 to be retested some
day later. You know the drill now.
at the head or the tail of a move. 2) They could dictate boundaries
on subsequent price movement. 3) They tend to get retested.
E1 on Apr15: 74M shares, Selling exhaustion. Sideway for 2 months.
E2 on Jun20: 67M shares. Selling exhaustion.
L1 on Jun28: 75M shares. Excuse me! L1 launched rally.
L1 challenged E2 on Jul1: E2 pinned L1 rally down. L1 retested.
L1 challenged E1 on Jul23, E1 pinned renewed L1 rally down.
E3 on Aug6: 39M shares. Exhaustion while challenging L1.
L2 on Aug8: 65M shares. Excuse me! L2 launched another leg up.
E4 on Aug15: 66M shares. Exhaustion while challenging E1.
L3 on Aug27: 66M shares. Excuse me! L3 launched the down leg.
E5 on Sep12: 64M shares. Exhaustion while challenging L2.
L4 on Sep18: 110M shares. EEEEExcuse me!!! Backed by E2 & L2 it
knocked price back up.
Expect E4 & L3 to eat into the L4 rally and L4 to be retested some
day later. You know the drill now.