MESDAQ is on the way...
MESDAQ is on the way... half way to the strong resistance line. It is a short term play, where probably we will need to throw out all stock before CNY.
The bull is still alive, some of the indications are:
1) open red close green
2) drop with low volume which probably an act of profit taking
3) More and more rubbish stock are appearing on the top volume list, and this signify if ever any bull comes, it will be the last wave.
3 comments:
Hahaha I love this indicator - 3) More and more rubbish stock are appearing on the top volume list, and this signify if ever any bull comes, it will be the last wave.
oh, so do u think this indicator tat u like can work?
Usually it does.
However it really depends.
Assuming that CI is going nowhere, yes this indicator works.
But if you look back in the years of 93-96, rubbish stocks always dominate the market
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