SHP for Cookie :)

ChartMan

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Bottom confirmed.....
 

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cookie

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Thanks Martin

Not reading it too well mate.

R U saying 900 Wed close + 885 today = bottom confirmed??


cookie
 

cookie

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Oversold??

Now surely oversold Martin

Do we wait for 800 ???


Wheres Uncle gone again this was one of his favourites?


Cookie
 

cookie

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All aboard!

Looks like indicators just about to turn - do you agree?

Dived in at 858

Good Luck


Cookie
 

ChartMan

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Nice call Cookie! I've been working on VCR bottom detecting, and have found that qualifying it with positive OBV over the previous 3 days acts as a good check for true bottom. See attached chart, showing 3 neg OBV's, and the current pos(almost) 3 day OBV. I have also found that extaordinarily high volumes,may give rise to VCR peaks that may not be bottoms.These I have filtered out by comparing to ESA volume and restricting a valid peak to 8* ESA volume( 14 days)
 

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