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Jayson,
this session was the final verification of both levels.
BTW, a detailed Vol to price graph points out the greater amount at
$17.15 for CSCO and $10.85 for BEAS, just a bit below the levels we
talk the last 3 days.
How many potential traders read this list ???
Of course, tomorrow will be another day and I am sure you agree
DT
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Jayson,
> It was a quite accurate prediction for both levels [CSCO $17.20,
BEAS
> $10.90], they were the hard upper blocks for this session.
> BTW, a 10.40 to 10.90 BEAS movement would not be the worse idea,
> especially if you knew that 10.90 is a strong resistance and there
is
> no reason for more risk today...
> DT
>
> > --- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> > > Dimitris,
> > > A lot of interesting things the last few sessions. Are traders
> > waiting for
> > > tomorrows announcement from the FED, are we seeing a blow off
> from
> > a nice
> > > summer run or a change of character? Re CSCO , do you not also
> see
> > this as a
> > > consolidation in a down trend? Volume in the EOD charts have
been
> > strong
> > > throughout the entire retracement. A clear channel is in place
> > from 6/19 to
> > > the last session. Would this not suggest lower prices ahead?
> Easier
> > answered
> > > tomorrow, yes ? :)
> > >
> > > I followed the work you did previously on vol by price. This
post
> > suggests
> > > you have continued that work. Are you in fact finding the data
to
> be
> > > predictive?
> > >
> > > Regards,
> > > Jayson
> > > -----Original Message-----
> > > From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> > > Sent: Tuesday, June 24, 2003 5:59 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] Interesting Support/Resistance Levels
> > >
> > >
> > > The last session revealed some interesting Support/Resistance
> > levels.
> > > The market was in a long consolidative 2h period, from 12:00 to
> > 14:00 and
> > > then tried lower levels.
> > > Volume by Price 5min chart, offered by
bigcharts.marketwatch.com
> > was quite
> > > indicative.
> > > Stocks like CSCO with high Volume at these levels [$17.20]
> defined
> > a new S/R
> > > substantial level.
> > > Stocks like BEAS, with regular volume for these levels [$10.90]
> > will search
> > > lower [and probably even lower...]
> > > to meet the waiting buyers.
> > > Intraday Volume by Price is of the most important tools, for
> > intraday and
> > > further reference.
> > > Dimitris Tsokakis
> > >
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