Tuesday, May 6, 2008

Identifying trending days


Today was a pretty nice uptrending day after the initial move down. To take advantage of these days you want to recognize them as soon as possible. One tool I use is the TICK. Trending days are one sided where there are mostly buyers or mostly sellers. You can see that the TICK today was mostly positive throughout the day. When it did go negative around 2:00EST, it only hit -280, while on the positive side the TICK peaked at 1753.

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