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I have a question that I hope someone can help explain for me.If you look at the enclosed attachment can you tell me why and how price can close higher when volume(bid/ask)on the GomCD shows more selling (panel 2) and more down ticks
on the Up/Down tick with continuation (panel 3)? The examples are highlighted with the green arrows. I and a trading buddy have been racking are heads and can't figure out how this happens.
I know by the brilliance I've observed of many of you on this Forum that someone has an answer...and I appreciate any and all input.
Thanks.....
Can you help answer these questions from other members on NexusFi?
Revised May 25 2011: This is an updated G40 version. The installation package includes the GomRecorder and related files from latest Gom Package version 2.3b.
Revised at 4:50 PM ET on May 27: Added user selectable values for the fast and slow smoothing …
in your example you can see that a lot of sell orders are hitting the bid (active sellers). but price doesn't follow down. meaning passive buyers (limit orders at the bid) are absorbing the selling.
now if active buyers getting in control (hitting the ask) and price starts to move up, you might think about going long.
