actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, December 30, 2004
TICK is very tricksy!
$VOLD is the Esignal symbol for Advance Issues Volume minus Decline Isses Volume. I believe it to be a much better indication of "bias" than TICK, or the simple A/D line. This chart demonstrates how TICK and VOLD "interact". Obviously they are not correlated, but one can see that a whole lotta TICK (in this case a move from 1000 to -92) didn't put much of a dent into the VOLD, indicating that simple re-distribution is going on, rather than a prelude to a flood. Here is the comparable 1m ES chart for reference only (I do not use a 1m chart in my trading).
Labels: chart-analysis, indicators
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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