Exited on the 3rd push higher, but missed the final push above $93.60. Notice how volume tells the story. I have yellow and blue plots representing volume breakouts (yellow=strong, blue=Really strong). Notice how you get really strong volume come in right around the 20EMA (buying the pullback) and then a lot more volume that comprises the top of the move (profit taking volume).
Tuesday, June 23, 2009
TLT base
TLT formed a base throughout the day yesterday, gapped up slightly today into that same base and consolidated in a narrow range. 
Exited on the 3rd push higher, but missed the final push above $93.60. Notice how volume tells the story. I have yellow and blue plots representing volume breakouts (yellow=strong, blue=Really strong). Notice how you get really strong volume come in right around the 20EMA (buying the pullback) and then a lot more volume that comprises the top of the move (profit taking volume).
Exited on the 3rd push higher, but missed the final push above $93.60. Notice how volume tells the story. I have yellow and blue plots representing volume breakouts (yellow=strong, blue=Really strong). Notice how you get really strong volume come in right around the 20EMA (buying the pullback) and then a lot more volume that comprises the top of the move (profit taking volume).
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