Hartle & Flow

So far, today, the TradeFlow chart shows that the price action gapped down and tried to fill the gap, but met sellers in the resistance zone. Then the market broke down and took out yesterday’s low. The market has recovered and has moved above a lower resistance zone. Right now, there appears to be some buying going on based on the buy volume line (green) of the TradeFlow Volume Cross Study edging above the sell volume line (red).

Yesterday, the market made the low for the day and rallied. We can se that the buy volume line (green) of the TradeFlow Volume Cross Study made a series of peaks (the green horizontal line). The market sold off, but the sellers could not get control as indicated by the sell volume line (red) made lower peaks (the red horizontal line). Buyers then came back in.

This entry was posted Friday, January 5th, 2007 at 11:43 am and is filed under TradeFlow. You can leave a response, or trackback from your own site.