• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Secret 13

Be time cognizant!

In other words, know how much time the move has taken to get to the point it's at. The longer a market moves in one direction, the greater the velocity the buying or selling is in the final stage of the move. In many cases, the most significant portion of a major move takes place in the final 48 hours. You'll want to be there for that.

While we're on the subject of time, watch the volume after a market has made a long-term move. Volume tends to run higher than normal at the end of a move, because this is the “distribution zone” where the smart money is unloading their position to a public who is frenzied by the news.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint