Following my theme of searching for traces of the Elephants, I've taken an approx. 60 Stock "Elephant" portfolio and have analyzed the 20 day Highs & Lows and compared them to my demand & supply pressure numbers (% of stocks outside of volatility bands).
The Idea is taken from Dr. Brett's work on 20d H/L's and his Demand/Supply gages.
Pls look at (1) first which then leads to (2)
(2)
Hi
ReplyDeleteI see that you say (Chart 1, obs (1)) that " buying pressure is in control ... We need selling pressure to spike...".
I started by assuming these figures are meant to replicate Dr Brett's Demand and Supply figures. But his data does have supply spikes in this area (13 and 21 may), but you show no such peaks?
Also on chart 1
re "both ... follow or lead", is that what uou meant to say? From the chart they seem to lag (I see turing points after price action turns), I see no leading?
Regards
Dave