Talking about catching the brand new highs, check out HGSI right now. It is just moving above the opening candle right now. ARNA HGG new movers as well. Whether any of them keep going is anyones guess though. I just trust in the probabilities
HGSI
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Scott, I'm really starting to get it now. Can you tell me how you use volume to confirm. I'm watching OXY and it just resumed its downtrend on the the 11:20 bar(5 min chart), but the volume wouldn't seem to confirm it. I'd just like to know if you use volume or just watch the price movement. Thanks and welcome back!
Volume is important as in you need enough liquidity to move in and out. Volume also shows traders are committed in their convictions. Price movement or momentum is the most important as far as I'm concerned. When I see both together it's all I need to know.
That's a nice little nugget of info...
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