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More and more effort expended to move fewer and fewer points higher. Momentum is slowing. A trigger to break the HH and HL. What will it be? We ain't going much higher tommorrow. Next week? This bull is getting tired IMHO.

Now flat.

You are correct. There are many things I don't understand. I get the point. You need to know or estimate the number of shares in play to make use of float analysis. What modifications did you apply to Wood's assumptions? Thanks for the help!!!! :p

Yes. I agree. I think my understanding is inadequate in this area. But I am going to think more about this topic. Any guidance from the more experienced traders would be appreciated. Trading is a learning process. I'm just glad to make money. But it helps me relax and enjoy the...

It's an interesting concept insofar as it may help to tease out the type of participation. Short-term vs long term participants. An idea of the "swing." X volume to go Y points then a high probability of reversal or consolidation. This could lead to higher probability trades. I use this...

Yes, that's it. I took a cursory look into the method awhile ago but don't think I gave it enough thought. I'm seeing patterns in various issues and instruments which suggest this type of analysis could be fruitful.

Wasn't there a book out a while ago about volume turnover analysis? Anybody use this technique?

Get Smart Agent 99 says "Gap 'em and trap 'em".

... and I quote "Suck my liquidity!!!"

I covered today at the close ( actually 5 minutes 'til the close. 100% cash. Perhaps--long tommorrow--we'll see. These melt-ups fueled by short-covering have been vicious.

When you refer to elasticity are you referring to range?

Accumulation or distribution has typically occurred before a trend day of significant range. Thus one clue is in the analysis of the accumulation and distribution points leading up to the trading day (hence the idea of multi-frame analysis perhaps acting as a leading indicator). If "support...

No but yes. Yes but no. On what timeframe? Trend for that day. If it is an inside day by virtue of the previous day's close it could still be a "trend day" but still be an inside day versus a breakout to new highs. Are there ever new lows? Timeframe matters. And the short answer...

So all in all you're saying 50-50. Wait I'm flipping a coin.... and.... yes.... it's tails...... so what does that mean. Thanks for the opine and yes what you says seems true EXCEPT BOJ.

That is a very clean professional set-up at a great price. Thanks for sharing.

Seems like liquidity will be drying up as the FED (worried about inflation), China (trying to deflate their bubblicious equities market), and now the G7 pressuring Japan to turn the spigot off. I think the markets may get roiled. What about oil and the middle east? Interesting times...

Sadly I found out today my dentist is going through a divorce. Apparently his wife had a cavity he wasn't able to fill.

and that my friends is the game in a nutshell...

Did anyone catch that wink. I love the lunchtime mambo. My personal fave. A drink, a smoke, a pancake, and a few shekels off some fiesty program trades.

Done for the week. Mission accomplished.... finally.............