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Wednesday, 18 May 2011

EMED chart shows lower volume partners selling

 Looking at EMED chart again and noticed the recent fall in price has been on lower volume then its rise which makes it unlikely to hold here long term in theory







The red line is steeper then the blue, the third graph there is a combination of the two trying to show underlying strength or weakness - hence its not fallen like the price


A smaller number of sellers can drop the price disproportionately if they demand their money back right now. However in time this 'damage' should be easier to fix then is apparent

Friday, 22 April 2011

Rockhoppers trend to rise still intact?



Im looking at the 225 area as a 61% retracement of the larger move.  200 area is also of higher volume and as above chart shows this price fits with a previous positive trend (slight)



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