When price rises, but volume falls, it is called a negative volume divergence and non-confirmation price action. This is bearish. In addition, we should see large bursts of volume accompany periods of declining volume (these are your optimal trading days). Traders should be cautious from this point on.
I’d sell the general stock market now and start buying gold and silver dollar coins.
I noticed this EXACT same thing last night as I was reading trader Vic
“The relation of Volume to Price movements: A market which has been overbought becomes dull on rallies and develops activity on declines: conversely, when a market is oversold, the tendency is to become dull on declines and active on rallies. Bull markets terminate in a period of ecxessive activity and begin with comparatively light transactions.”
MSN showing signs of needing a correction, short at 4.65
dont hold that short overnight dude… that thing is insane
no plans too, purely daytrading…
actually its setting up for the Chart Addict shooting star overnight short… but so low priced scares the crap out of me
CA,
What you make of this action in FEED? sort of been flagging all morning right above its 200 day MA; volume is huge; trying to see if it can break this intraday flag
2009 was all about that and yet we went higher.
We did the exact same thing in July
BOOO YAHHHH! covered MSN at 4.209, 9.5% gain
that was sick dude… fell off a cliff right after you said
It’s all about the setups…
Look for extended stocks that are above the bollinger band, and have huge volume.
Next, wait for the high to be put into place, and consolidate at lower levels, short as it breaks down.
I was early at 4.65 and had to wait for over an hour… if you waited for 4.55 you wouldnt have had to wait at all.
Think about all the common sense areas where stop orders might be placed by retail investors… for MSN it was 4.50, 4.40, 4.33 (y’day close) and 4.25… i just covered after the 4.25 stops were triggered.
AEN needs to get over 1.00$…
discl: long
Bought $AIG 29.24/25
Sold 1/4 $AIG 29.55
Sold 1/4 $AIG 29.90
Sold 1/4 $AIG 30.22
Sold final 1/4 $AIG 30.16
Bought $AIG 30.27
Sold 1/2 $AIG 30.55
Sold 1/4 $AIG 30.71
Sold final 1/4 $AIG 30.62
Bought $AIG 30.90
Sold $AIG 31.00 limit
that was sick
Bought $AIG 31.22
Sold 1/4 $AIG 31.76
Sold 1/4 $AIG 32.02
Sold 1/4 $AIG 32.44
Sold final 1/4 $AIG 32.80
wnc
Bought small $AIG 33.03
Sold 1/2 $AIG 33.68
Sold other 1/2 $AIG 34.42
hban
Tonight’s Charts Gone Wild, I will explain the $AIG trade in detail.
russell – iwm – already above jan hi swing vs. spy’s
screaming divergence/levitation – fire torepodes
Can’t wait CA, I took a look the second you bought it, wasn’t impressed by the set up and passed. I’m a douche. 🙁
bears have thrown in the towel, couple that with the volume divergence highlighted in the charts here – a massive down day with massive volume could happen at any time
Hi CA, do you need any interns?
CA, you said in the past that you have students..do you mean you give classes? if so how does one signup to become your student as I’m very interested … Is there any chatroom that you participate in that you recommend.. Thank You
no it’s a private coaching.
http://ibankcoin.com/chart_addict/category/private-coaching/
Son of a bitch I have a to work til midnight… gonna have to watch the show on archive
We need streaming stocktwits to blackberry technology…