Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, February 10, 2011

Newbie is 90% accurate!

10 Feb 11, 04:01 PM  newbie: let KLCI hoover around 1500 level first and then we shall see whether can it be broken
10 Feb 11, 04:01 PM newbie: as i have said earlier local funds only allocated 30% to support at 1500 level
10 Feb 11, 04:01 PM newbie: that mean they knew 1500 could be broken
10 Feb 11, 04:02 PM newbie: and another 30% funds allocation support at 1480
10 Feb 11, 04:02 PM newbie: and follow by 50% funds allocation at 1450

Taken from Bursa Chat

NB: At today's close,1504,  KLCI has retraced 50% fibo!

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