RDDT: Feel free to comment. BO
- Thread starter Bad_Badness
- Start date
You guys are pretty negative. 
To me this is the classic, "climb the wall of worry" trade. It is stealth mode. You guys are looking at the volume incorrectly IMO. No offense intended, of course.
The critical thing is not a "volume spike" per bugsy, because those have the problem of a flare out climax, are super obvious, and infrequent.
What is critical is the total volume AVERAGE since Aug 6th. Clearly the daily average has risen. When it does this, a new base is formed at 55 as the low. This is an accumulation phase.
Not trying to convince anyone. Just saying what I see.
In any case, have a good weekend. I won't overstay my welcome, but 70 is still a target next week.
To me this is the classic, "climb the wall of worry" trade. It is stealth mode. You guys are looking at the volume incorrectly IMO. No offense intended, of course.
The critical thing is not a "volume spike" per bugsy, because those have the problem of a flare out climax, are super obvious, and infrequent.
What is critical is the total volume AVERAGE since Aug 6th. Clearly the daily average has risen. When it does this, a new base is formed at 55 as the low. This is an accumulation phase.
Not trying to convince anyone. Just saying what I see.
In any case, have a good weekend. I won't overstay my welcome, but 70 is still a target next week.