Areas of consolidation have so much information to provide. Not many people understand how to use them. When people see areas of consolidation, many people make comments like “the market is trying to make up its mind”. Speculative analysis. It isn’t even technical. What do most people do with such speculative analysis, they generally say…
Tag: Consolidation
KEWLTECH: Issue 062 – Market Does What It Does
Earlier today a trader was commenting about the tragedy in Japan. While all that unfolding over there is not something to joke about, it is also sad that this trader was trying desperately to relate what is happening there to the market. After the market hit 1251 early today, he remarked how can the market…
KEWLTECH: Issue 028 – Consolidation
Hey its been a while, I took a little break and starting to get back into the game again. Anyways, MentalMidget and I were chittychatting and we were talking about charts and some stuff we hear every time. One of the most ambiguous words I hate is the word “consolidation”. You hear it all the…