Why Is The Obvious Not So Obvious?

1. did not say it was a valid approach..just another way of trying

2. historical bars..in isolation..mean nothing

3. if not yahoo..try another stock..or maybe SPY

4. if 10 shows no sign of being any use..maybe 30 or 60 might be better!

 

well BD..all i can say..is..practice makes perfect

let me see if i have a SPY screenshot..it just so happens i was trying out a few small changes to TE's excel sheet today

 

i will have to add the time of day to the chart..quality is a bit bad..but it will do for now

anything obvious in this pic?

 

see if this is better qual..i think the usual sites are limiting file size..the bastards

i have added another volume column nearer to the action..might also change the bid ask static colors next

anything obvious in this pic?

 

there is more "interest" above 119.50 than below 119.30.

 

why so because?

 

when price broke to that 119.50 area there was more volume that accumulate within a few cents of that number. When it tried to break under the 119.30 there was an instant large order that hit long after the breakdown but it was immediately rejected.

 

THe obvious = A market never moves in a straight line

 

The Obvious = what goes up must come down..eventually

 

The Obvious = the market MUST move to work. The price literally does not move the no one is making money