yes, I know some is dun bother about wat uncle sam does & wil then talk stories about those who bought public bank when I was not yet born
no idea where the market direction, if I know, playing futures liao lo
Stalling, Or Churning, Suggests Weakness
Your stock is showing heavy volume, but the price isn't moving up. What's up with that?
What you're facing could be stalling, or churning, action. Stalling is when a stock makes little or no price progress while volume swells. There's lots of trading going on, but no push in the stock price.
Stalling is a dangerous pattern. It can be a sign that your stock is all dressed up with no place to go and could be getting ready to tumble.
Even while a stock makes small losses, stalling can be a signal that it has lost the muscle to keep heading northward.
Bearish Reversals
Another frustrating variation of stalling is when a stock shoots higher, usually in surging volume, but then reverses and closes at a loss near the bottom of its trading range.
This type of action is a bearish price reversal that bears cautious watching.
Either pattern should sound the alarm bells. It can occur when a stock is trying to break out of a base or when it's already in an uptrend.
In a breakout attempt, watch out when the stock opens strong and clears its buy point but finishes weak for the day or for the week. It's a sign of exhaustion.
If the stalling action kicks in after a stock has made some solid gains over a period of time, it can be an important reminder to take profits.
That was the case in early March 2000, when a number of leading Nasdaq stocks exhibited churning as they reached climax tops and the technology bubble burst.
Bullish Churn
While high volume with little price progress is a bad sign, similar action is constructive when the price action is reversed.
When a stock is in decline, heavy volume without further downward progress is a sign that selling is exhausting itself and the stock may be coming under accumulation.
QUOTE(sulifeisgreat @ Feb 1 2011, 10:28 AM)
careful guys, there is a time to buy, time to ride, time to sell & time to short
for TA players la
those powderful shares in usa after new high & good earnings r not roketing much up either
it shows some underlying weakness in the leaders
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Feb 11 2011, 12:23 PM
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