Some of my weekly charts look good, but the volume keeps telling me to stay away. I hate trading when the market does not have a good trend with volume. SLV and other commodities indicate a buy point, but given the anemic volume, I feel like it is walking into a trap again.
I don’t know if there is any particular thing I should think about when favored investments start heading north but there is no volume to support. Any clues would be appreciated.
Smart move… I think silver is going to drop hard one more time.
I see it ACP… Could be the closing price for today?
Up a cigarette butt so far.
Whoa, just got an intraday print down to 118.3-ish on SPY.
Looks like they’ll be ramping this up to the 120 SPY prints today, most likely.
Going even shorter, too many bulls.
Crude oil towards resistance line: http://niftychartsandpatterns.blogspot.com/2011/10/crude-oil-moving-towards-resistance.html
sent you a couple of emails.
Some of my weekly charts look good, but the volume keeps telling me to stay away. I hate trading when the market does not have a good trend with volume. SLV and other commodities indicate a buy point, but given the anemic volume, I feel like it is walking into a trap again.
I don’t know if there is any particular thing I should think about when favored investments start heading north but there is no volume to support. Any clues would be appreciated.
SPY chart: http://niftychartsandpatterns.blogspot.com/2011/10/spy-resistance-levels.html