Pullback to VWAP
Source: http://alphatrends.blogspot.com/2008/10/pullback-to-vwap.htmlPosted on Monday, October 27th, 2008 | In Technical Analysis Videos
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
The Qs broke the trendline, but as I often point out, a break of trendline only tells us that the rate of change has slowed, it does not assure a reversal. The market is now trying to find support just above the daily VWAP and it will have to hold here if buyers are gouing to try to turn it in the final hour. THe 5 DMA continues to decline so if a rally does materialize it should not be trusted for anything more than a daytrade.
Last 5 posts by Brian Shannon
- Stock Market Video Trend Analysis 3/9/09 - March 9th, 2009
- Stock Market Video Trend Analysis 2/6/09 - February 6th, 2009
- Stock Market Video Trend Analysis 2/5/09 - February 5th, 2009
- Stock Market Video Trend Analysis 2/3/09 - February 3rd, 2009
- Stock Market Video Trend Analysis 2/2/09 - February 2nd, 2009
 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
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