Trading with Volume Spread Analysis (VSA)

[bunny]

28 JAN 2010, 09:09 AM.
We have opened with a gap up. We had gapped down yesterday. This supports the view that yesterday was a likely a shakeout. Ideally, the day must near the high.

 

[nimish_rulz]

Brother look at Japan rocking...up more than 2% and so is Hong Kong

 

[bunny]

Brother look at Japan rocking...up more than 2% and so is Hong Kong

You know I don't see anything else than NSE charts and Dow/dow stocks

BTW, I want to tell something, but do not have the time now as work is calling

Good bye, wish you an up-day(because I am bullish ), may we close on high. Will be back in the evening, or mid-market if possible.

 

[Pchartis]

One VSA query

hi bunny

One query to clear my doubt
In daily chart of mercator lines a bullish bar,narrow spread on 15 jan with heavy volume what could be its better interpretation
1: On 14 jan it is down day with low volume and on 15 its a upday same spread with heavy volume. If it is single bar reversal on heavy volume then it is bearish
2: On 15 jan spread is narrow and price is facing resistance as previous trading high, does narrow spread means selling by smart money giving the weaker hands what assume to be good prie bargain and
as on heavy volume could not able to take price at new high so its bearish
3: Or its a upbar with heavy volume so strength and narrow spread bcoz of resistane as their is strength in back ground and the next fall ie from 19 jan to 27 jan is like shake out on global bad news

what would be more appropriate interpretation of this bar with proper reasoning
Pls do suggest

Regards,
Panno

 

[rajputz]

You know I don't see anything else than NSE charts and Dow/dow stocks

BTW, I want to tell something, but do not have the time now as work is calling

Good bye, wish you an up-day(because I am bullish ), may we close on high. Will be back in the evening, or mid-market if possible.

you trade dow or have some specific reason to look upon them...

 

[bunny]

you trade dow or have some specific reason to look upon them...

Simply because I cannot ignore it. and US is regarded as the mother of all markets.

 

[bunny]

NIFTY spot at 4833 or -20. Looks like good opportunity to go long.

 

[bunny]

NIFTY spot at 4866 or 13.
1 min charts of NF(Feb) suggest acccumulation or professional buying.

 

[bunny]

Guys,
NIFTY spot is trading at 4854, one can open long positions at the moment for positional o swing trade.

 

[trader.trends]

Guys,
NIFTY spot is trading at 4854, one can open long positions at the moment for positional o swing trade.

Bunny
Is this reco based on VSA?