[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Bottom picking theories was: Re: Qualcomm - at a low???



PureBytes Links

Trading Reference Links

QCOM could be doing it right now (need to see the rest of the day). A
distinct up day on an increase in volume, after a stock has pulled back for
a while and layed there, accompanied by "triangling" down volume (indicates
the selling has dried up) is a pretty good buy signal.

Some shorter-term random examples:

CNXT on 1/13
The volume and price ramped down for about a week prior to the upward pulse
on the 13th.

CMGI on 11/17
This is an extreme example! Notice how the volume ramped down in the week
leading up to the event, as the price pulled back. Traded almost no volume
at all on the 15th. Selling was completely dried up.

price pullback+ volume ramping down and/or dried out
followed by a distinct up day on a large increase in volume ----->>>>
rally off a low.

Not sure how to fit fundamentals into this picture.

rgds phil
http://www.patterntrader.com