Saturday, May 16, 2009

2009-05-16: SP500 study 20,50SMA and Big Volume

20,50 SMA is commonly used level, look at the chart, think how should we make a trading plan before this well known level is about to approach.

Also, learn how to evaluate failed case, how should we stop or reverse the position.

Big volume always has effect on the market. Some say volume spike is the reversal signal.
Should we combine some of the other indicator for better use?
Also, learn how to evaluate failed case, when big volume spike didn't trigger reversal, should the trend continue for sometime longer?

XLF chart showed big event craziness, watch out.

2 comments:

Unknown said...

From XLF last Friday's volumn, seems not impressive. Does it indicate a trend continuation?
In another word, even though there is a week's selloff, think about OE effect. Will market be uptrend again from here or at least piggy until the end of May and wait for the credit plan result?

stocktb said...

关于OE的影响,我还不是很清楚。
不过,从今天看, 确实证实了我Friday的一些想法。我也认为市场会继续piggy一阵。
谢谢你的comments。