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Quotation from Tom Williams, Former Professional Syndicate Trader and Author of Master The Markets.
"The herd will panic after observing substantial falls in a market (usually on bad news) and will usually follow its instinct to sell. As a trader who is aware of crowd psychology, you must ask yourself , Are the trading syndicates and market makers prepared to absorb the panic selling at these price levels? If they are, then this is a good sign that indicates market strength"
Should You Buy, Sell, Hold or Do Nothing? Below are links to videos posted on the public webiste www.youtube.com showing VSA in action. Pay close attention to the video's filmed last year regarding the apparent never ending rise in oil markets. Markets are marked up on good news and marked down on bad news so your chart reading skills are essential when all around you are greedy to the upside OR PANICKING ON THE DOWNSIDE!! Disclaimer:Therefore you acknowledge that all posts made to these site express the views and opinions of the author and not the administrators,moderators or webmaster(except for posts by these people) and hence will not be held liable. You are advised to check the accuracy with your investment advisor before deciding your move. |
