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Rally without vol

Started by steelman_43, May 02, 2008, 12:16:06 PM

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steelman_43

is this a real rally or could this be a dead cat bounce because i see no real vol and all the technical training i had u need vol to substain a rally.

Ares

Welcome to 3SOF Steelman (my buddy at Pal Talk)  ;)

David, Ramsburg, and a lot of the other traders in here have been helpful in my "journey".

I hope you like it here.

Ares (Jegejig)

(The moderator may transfer your post though - maybe to your personal log?).





Go in with upside momentum or wait for stock to tank and buy close to support.

AussieTrader

Quote from: steelman_43 on May 02, 2008, 12:16:06 PM
is this a real rally or could this be a dead cat bounce because i see no real vol and all the technical training i had u need vol to substain a rally.

Hey Steelman,

A lot of markets are setting up very nicely right now and volume is OK. There is currently a strong resiliance to absorb bad news and react positively to any perceived good news. Many strong market moves have started off with less than stellar volume and gone on to be excetpional moves. I do not see the current situation as a dead cat in any way at all. For now I certainly am bullish based on the current situation.
AussieTrader
www.3stocksonfire.org

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