Money From The Market: Yipes, could these low European volumes be right?

Wednesday, February 1, 2012

Yipes, could these low European volumes be right?

European markets are up on extraordinarily low volume:

http://data.cnbc.com/quotes/UKX-FT/tab/2

http://data.cnbc.com/quotes/DAX-XE/tab/2
http://data.cnbc.com/quotes/CAC40-FR/tab/2

US futures are up early just like they were yesterday, eventually collapsing as the morning wore on.

The last several tops have been roll-over patterns, not sharp peaks. This looks the same so far.

I went short ADM yesterday. The missed their earnings estimate badly. Yesterday's high-volume-supported price drop makes much lower prices highly likely (there are NO sure things in the market). The 26.20 high volume candle is the target.

The Monthly chart, if i can ever be that patient, shows a potential large ABCdown with a 50% bounce in that pattern:

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Don't Neglect Tom O'Brien's TFNN.com

Tom O'Brien got me started, but he has moved away from his fundamental basis: use of several tools, instead relying only on volume analysis. Read his book. Listen to his radio show on line. But you will need to hear more than just his part (volume analysis) of a system. I am using Jack Chan in addition and filtering in my own analysis. Often I get so caught up in my real job that this gets neglected, sometimes at just the wrong time. The market is swarming with sharks that only want to take your money -- they will swim into your account and eat it up if you don't keep them away.

So-called "investment" is really calculated gambling based on stories from non-objective sources. Technical trading using the TTTS is an objective, systematic approach to making money using a probabilistic model based on simple math, stock price and volume trends, their correlation, and chart patterns.

MoneyFromTheMarket is an informal anthology of my personal stock trading research and results. The information and opinions herein represent strategy and tactics of an amateur stock trader. Use of information from this blog does not guarantee any monetary gain as a result of following information documented here. This blogger is not liable for any loss that you incur due to this information, nor do I ask for any monetary gains from your success of using the information.

Results are not in any way guaranteed as a result of council or comments from this blog. You must do your own due diligence before investing in or trading any equity or financial product. And if you trade, for the love of Mike, have a Trading Plan!

Money From The Market

Wednesday, February 1, 2012

Yipes, could these low European volumes be right?

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Don't Neglect Tom O'Brien's TFNN.com

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