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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice May 9, 2013 10:45 AM Flag

    Volume and Price Reversals BX @ 22.25

    BX very high volume decline after making new 52 week high is called High Volume is called Volume and Price Reversals

    Volume and Price Reversals….Goggle Search for more

    After a long price move higher or lower, if price begins to range with little price movement and heavy volume, often it indicates a reversal. (See Retracement Or Reversal: Know The Difference for additional information)

    Date Volume High Low Clsoe Change
    3-May ------- 91,073 ------- 21.98 ------- 21.17 ------- 21.75 ------- 0.97
    6-May ------- 64,850 ------- 22.59 ------- 22.04 ------- 22.49 ------- 0.74
    7-May ------- 108,784 ------- 23.30 ------- 22.20 ------- 22.21 ------- -0.28

    It will take a few weeks are a few moths, the stock should consolidate on low volume

    Please review your trading strategy. Volume will eventually decline and there will be very few offers at lower price. At present there very few bids.

    There is lot of supply in this range and stock will gradually move down. There are gaps created during the past few days and are generally they get filled.

    Please try to learn and not fight the tape or me.


    Carolyn Novice

    Sentiment: Strong Sell

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25.34-0.04(-0.16%)Oct 27 4:02 PMEDT