23rd Sept 2011–Pattern Study–Volume does matter… especially when it tell you to RUN!

Ticker:

 

1. DJIA

 

Topic:

 

1. Another "Volume Does Matter" case.

 

Lesson Learnt:

 

1. Do you need to wait for Helicopter Ben to do the "twist" before you know that the market is going up or down?? Answer is NNNNNOOOOOO!!!!
2. Just 2 days before the FED day, DJIA came in with a extreme high volume day, but the index did not even move much higher. That is already a sign of "TOP".
3. Again, the market has warned me, but I am stupid enough to miss it.
4. Another BIG failure of me towards becoming a trader.

 

Intraday Chart

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Historical Chart