The Zig And Zag Of It

Monday’s light volume decline means little.

We want to be careful not to get too wrapped up in day-to-day action, and must always be aware of the bigger picture.

We’ve taken a modestly bullish stance on the market due primarly to our price and volume analysis.

But often when the market has burned bulls and bears price-action will zig-zag mostly sideays for a time as players fight to get on the right side of the action.

Bulls want to see down days on lighter volume, and up days on heavier volume. And Bears want to see the opposite.

Advertisements

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: