Recent content by skinstg

Thanks to everyone for taking the time out to post & for the good wishes , it is much appreciated. Akuma99 and others who have had close contact with the cancer I wish you all the best and my thoughts are with you. gavin

Thanks Laptop

A very dear friend of mine has just been diagnosed with metastized melanoma, and is due to start treatment tomorrow. Cancer is something I have not had to deal with up to now, and as a consequence I am very ignorant about the subject. If anybody can recommend any good websites/books that can...

This is my understanding of where we are, using the S&P 1 - Weekly Chart - Momentum is clearly lessening, as evidenced by having to fan the blue trend lines, and also by having to flatten out the red supply lines - meaning that supply is coming into the market at relatively lower & lower levels...

I have also taken the liberty of drawing a couple of lines on your chart, and my analysis would be as follows:- The first zone I have labelled between A&B is a bit of a stab in the dark because we cant see what came before, but its a good place to start. Price breaks up through resistance (B)...

If you go to elitetrader site, do a search with "DBPhoenix" and "Price AND volume" and display results as threads, your search should come to an end rgds

And lastly a bash at the chart in #537 2 - After the angle of ascent has increased considerably in Dec/Jan, sellers come in size - profit taking, whatever, after they see that it looks like buyers are running out of ammo on the high bar which closed on the low on very little volume. For all...

And now an attempt to explain 6/7/8 from post #519, will try be brief again, this is a bit late in the day.... In March $ shows weakness after the double top closing at or near the lows on every bar. Particularly the first & third weeks of March where the volume is noticeably higher than...

Hi, I have a bit to catch up on here, first my attempt at drawing in the S/R lines on the charts provided by DB, as attached

Is it because $ never really gets down low enough to properly test support, but finds support at a higher level, thereby making a higher low (compared to the low in October)? Thats the only thing I can think of.

I'll have another go at area 6 from DB's post #503, practice makes perfect... After $ has moved in the tight range from Nov to Feb, Selling pressure dominates in the first week of Marchand price breaks below support on high volume. This breakout is followed through on the next bar on even...

I will have another bash at area 4 in DB's post #491 - hopefully a more concise one... The last week in April volume dips, buyers & sellers remain evenly matched, however in the next week sellers overwhelm buyers on slightly increased volume, price closes very near the low, however we are...

[QUOTE=dbphoenix]Depends on what you mean by "foresee". What I was really trying to say was how could one have given this outcome a reasonably high probability of happening, in order to avoid being caught long - but you have answered my question, thankyou. I will go back & relook at your...

Here goes, I will start my analysis in the last week of Feb, at the high. Up to the last week in February, price has been rising nicely with little volume, buying pressure clearly overwhelming selling pressure. In the last week of February, volume increases, buyers run into sellers and the...