OTCPK:LLEN - Post by User
Comment by
barsolidon Dec 17, 2012 3:07pm
58 Views
Post# 20741203
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE Not trying to be presumptuous. I just noticed that most of your posts were price based info. Lots of TA arguments that say that price is all that matters. They might be right for all I know. You talk about /fibonbocci, Elioit wave, trendlines, etc. All good stuff. I just follow volume and buying pressure more than most people who do TA since I started earlier than most when volume was considered important. It is a cultual thing. And with Llen I am not really seeing the buying pressure confirmation of some of the trends you are expecting. This could quickly change in which case I will be late, but there is a tendency for the price based TA is fail more often when the volume doesn't confirm the signal. jmho
PS This is also partly a slightly paranoid bent since I do believe that shorts and HFTs and others manipulate the market with great regularity (big money), I ahve found that patterns that show up without a volume confirmation are cometimes manufactured by TPTB to trick us. they can manipulate the price more easioly than the volume since the volume costs them real money. Again jmho