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Created on: 10/28/2014 5:59:33 PM Last Update: 10/28/2014 6:04:13 PM Posted by: RTT
WARNING: This entry is 3024 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
There is only one reason for this type of price action
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 Sometimes it is this simple. Demand and supply is the first and last law in the stock market.
The chart below is a stock that will remain a mystery. Members can see it in RTT WC blog.
A - Wide spread (High less low of the day)
B - Narrow spread.
The volume of 'A' and 'B' are the same, both are above average, Yet with 'B', price spread is narrow, so what is going on? During 'A' selling price pressure forced price down with ease, hence the wide spread. With 'B' the same volume could not force price down, thus the price level at 'B' was defended, selling was absorbed. The Wyckoff Law of Effort vs Results reminds that demand has overcome supply, and thus a bullish sign.
C - Wide spread
D - Narrow spread.
The volume for 'D' is much greater than 'C', and yes 'D' is like 'B', and 'D' shows more aggressive absorption, more determined buyers overcoming the sellers. This is bullish, the effort by the sellers has shown poor results to move price down, for the simple reason bulls has been able to defend the price level at 'D'. Add to this price is holding well at support.
Yes we have absorption at 'D', but we need more positive action to prove the demand has over come supply to see price rise substantially beyond 'D'.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
.."Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states"..
William D Gann
..“The key to successful investing is having everyone agree with you — LATER.”..
Jim Grant
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..
George Soros
.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..
George Soros
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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