SHP for Cookie :)

ChartMan

Legendary member
5,580 46
Bottom confirmed.....
 

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cookie

Active member
248 1
Thanks Martin

Not reading it too well mate.

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


cookie
 

cookie

Active member
248 1
Oversold??

Now surely oversold Martin

Do we wait for 800 ???


Wheres Uncle gone again this was one of his favourites?


Cookie
 

cookie

Active member
248 1
All aboard!

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

Dived in at 858

Good Luck


Cookie
 

ChartMan

Legendary member
5,580 46
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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