I think it is bottoming as we speak. OBV has gone to zero in the
past few days on all time frames. Its at support from the spring.
Its due for a bounce. I'm in with a tight stop. If it goes below
today's low, its hasta la vista time.
In my experience, the OBV zero reading on multiple time frames
is a somewhat objective method for picking near term bottoms.
CLSN up 7% from this mornings low and should continue upward based
on the inverse HS pattern on the 5 min chart.
yes, that's why I post a lot of 60 min charts along with my
trade ideas that are plotted on daily charts, we always say to zoom
down to smaller time frames because you will see support areas or
other patterns that don't show up on only one time frame
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CLSN
Posted by keithbob on 5th of Dec 2011 at 10:23 am
I think it is bottoming as we speak. OBV has gone to zero in the past few days on all time frames. Its at support from the spring. Its due for a bounce. I'm in with a tight stop. If it goes below today's low, its hasta la vista time.
CLSN
Posted by keithbob on 5th of Dec 2011 at 03:09 pm
In my experience, the OBV zero reading on multiple time frames is a somewhat objective method for picking near term bottoms. CLSN up 7% from this mornings low and should continue upward based on the inverse HS pattern on the 5 min chart.
yes, that's why I post
Posted by matt on 5th of Dec 2011 at 03:10 pm
yes, that's why I post a lot of 60 min charts along with my trade ideas that are plotted on daily charts, we always say to zoom down to smaller time frames because you will see support areas or other patterns that don't show up on only one time frame