Re: GSPL and ROLTA
I do not use BB and CCI, so I have no idea what signals they have generated.
I have used Volume Spread Analysis(VSA). The volume is down and the price is down. It such down-day on lowering volumes is expected even for today's and may be tomorrow's session, after which it is expected to take-off. Ofcourse, any, unusual spotting in the volume/spread could modify the call.
ROLTA - Daily - 8/26/2009 3:30:00 PM -
High-191.25
Low-180
Open-185.8
Close-181.4
Volume= 10,083,766.000
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VOLUME ANALYSIS COMMENTARY:
A pseudo Upthrust. This normally appears after an Up Bar with above average volume. This looks like an upthrust bar
closing down near the Low. But the Volume is normally Lower than average. this is a sign of weakness.If the Volume is High then weakness
increases. Smart Money is trying to trap the retailers into bad position.
ROLTA - Daily - 8/27/2009 12:07:00 PM -
High-181.15
Low-174.85
Open-180.7
Close-177.75
Volume= 3,287,856.000
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VOLUME ANALYSIS COMMENTARY:
A downbar after a pseudo Upthrust Confirms weakness. If the volume is above average the weakness is increased.
Regards
ken