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The bottom is in.
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Topic: The bottom is in. (Read 895 times)
dchou
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The bottom is in.
April 12, 2013, 10:54:00 PM
#1
Note the huge volume spike at 12:00 (63,511)
SuperHakka
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Re: The bottom is in.
April 13, 2013, 12:01:07 AM
#2
No, if you look at the 15min chart you will find that a good part of that volume was still while the price was declining. it only started going up at 12.30.
'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi
"Whenever I'm about to do something, I think, 'Would an idiot do this?' and if he would, I do not do that thing." - Dwight Schrute
Wuji
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Re: The bottom is in.
April 13, 2013, 12:05:37 AM
#3
Quote from: dchou on April 12, 2013, 10:54:00 PM
Note the huge volume spike at 12:00 (63,511)
For today you are probably right. Whether this is yet another bull trap will remain to be seen until next week.
Also everyday at the end of the day there is run up just like on stocks when they are in the red.
dchou
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Re: The bottom is in.
April 13, 2013, 12:17:43 AM
#4
Quote from: SuperHakka on April 13, 2013, 12:01:07 AM
No, if you look at the 15min chart you will find that a good part of that volume was still while the price was declining. it only started going up at 12.30.
Didn't see the 15min, but a lot of shares exchanged hands much lower than where the price is now. Should provide good support.
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