Suggestion

6/25/09

Interpreting Bar Charts

Interpreting Bar Charts
The outset price of a daily or a weekly bar usually illustrates the amateurs’ view of value. Research has exposed that opening prices very frequently occur near the highs or lows of day by day bars. Prices tend to back away later in the day from the extremes set untimely on by the buying or selling of amateurs. The actions of specialized traders are habitually reflected in the closing prices on a daily basis and weekly bars. They become especially occupied up the stuffy, taking profits to avoid holding positions overnight. In bull markets prices regularly grill lows on Monday and Tuesday due to profit taking by amateurs and then rally to new highs on Thursday and Friday. In hump markets prices ofttimes make new highs for the space on Monday and Tuesday and new lows then occur on Thursday or Friday.