Here they are from Fridays (11-14-08) trading. Some match up with the Value area numbers. Good targets and fade points.
874 - 876 Minor volume
891 - 893.50
901- 902.50 Minor
910 - 912.50
Bruce
BR
BruceM
Rep: 216,211
Posts: 19,895
here they are from Mondays trade: Same rules will always apply...use them as targets/magnets and zones to fade..
848 - 850
858 - 861
867.50
877.50 - 881
I'll have a few charts posted tomorrow of some cool things that happened in todays trade...
Nice volume came in at the highs and the lows today.....
848 - 850
858 - 861
867.50
877.50 - 881
I'll have a few charts posted tomorrow of some cool things that happened in todays trade...
Nice volume came in at the highs and the lows today.....
BR
BruceM
Rep: 216,211
Posts: 19,895
I'll get to these charts as I can..this is mondays trade..Look at this amazing high Volume at the 10:20 lows.....that was down into the minus 8-10 points number off the opening range after breaking the overnight low into a key number of 850......Look at the great retest at 11 a.m.
BR
BruceM
Rep: 216,211
Posts: 19,895
here is a fairly crude S&P chart from a few minutes ago showing the day session only.....I have the high Volume bar zones from yesterday defined on the chart. This is a one minute chart but you can see a few things:
a)How they are attractors of price
b) How they can act like support and/or resistance and reverse polarity
c) How they are not perfect by any means
The hardest part from the volume zones posted today was that we had two big zones fairly close together...the 785 - 790 area and the 796 - 803 we couldn't penetrate the 803 number and we sold off back down to 790 just before the close ( this may not be shown on my chart)
a)How they are attractors of price
b) How they can act like support and/or resistance and reverse polarity
c) How they are not perfect by any means
The hardest part from the volume zones posted today was that we had two big zones fairly close together...the 785 - 790 area and the 796 - 803 we couldn't penetrate the 803 number and we sold off back down to 790 just before the close ( this may not be shown on my chart)







