Son of If You Can Draw a Straight Line . . .

[slugar]

short on supply line at 3394.75

 

[niko]

Quote from dbphoenix:

Good on you for noticing.

No useful DL here. Have to go with behavior.

10:28 Short on 93.75

 

[niko]

Quote from slugar:

short on supply line at 3394.75

Why, are you anticipating?

 

[dbphoenix]

Quote from niko:

10:28 Short on 93.75

You're raking it in today, but don't get cocky

 

[slugar]

new supply line

 

[niko]

Quote from dbphoenix:

You're raking it in today, but don't get cocky

Never!. I have experienced what hubris does in this business.

It is an ignorance enhancer .

10:32, I am not seeing sellers interested here, we are still above 50% from 10:04 so this could turn around at any time.

10:34 SL fanned, but not sure about this downtrend, holding short though

 

[slugar]

steeper supply line

 

[niko]

Quote from slugar:

steeper supply line

10:35 Looks like sellers finally made it
:36 Approaching 80

 

[dbphoenix]

Quote from niko:

Never!. I have experienced what hubris does in this business.

It is an ignorance enhancer .

10:32, I am not seeing sellers interested here, we are still above 50% from 10:04 so this could turn around at any time.

10:34 SL fanned, but not sure about this downtrend, holding short though

It may not be so much interested sellers as interested buyers. If buyers aren't interested, there's nothing to hold price up. This is one of those situations where volume can be helpful, but you can detect activity level without it.

 

[niko]

Quote from dbphoenix:

It may not be so much interested sellers as interested buyers. If buyers aren't interested, there's nothing to hold price up. This is one of those situations where volume can be helpful, but you can detect activity level without it.

I have been re-reading your volume post from 04 (10 years ago!) Great stuff as always.