douglaszhu

furthermore , pls correct me if anything wrong or missing, thanks...

the charts daily - > weekly -->montly

hi, as a native trader in china, i am trying to apply wyckoff principles to china stock market. one thing confused me a lot and would like to have your comments. attached is the monthly, weekly and daily charts of the shanghai 50 stocks index. my ponit is: 1. montly - JOC and maybe there would be a retest to the creek as the sharply break in aug causing big tech damage, there definitely need soem cause to resume the uptrend . of course there is possibility of trend change but also need cause to go down. 2.weekly- found support and a feeble reaction ( less than 50%) and retest the support at a higher level( due to national holidays there is only 1 trading day in this week and 3 days in last week) 3. what confused me a lot is the daily chart. in the downtrend , demand has to prove itself , look at the volume , very low, specially at the up bar. I think the daily is weak but two bars(green line) I dont know how to interprete . the first is the bar of 9/oct with 5.02% gain at close on 2430 million shares and the second is the bar of 3/sep with 5.04% gain at close on 3966 M shares. are these two bars can be labeled " no demand " ( i was told no demand bar generally has narrow spread) ? how to interprete these two bars( low volume, large spread, close at almost the high) in the intermediate down trend? **************************************************************** Pls be noted that we cant sell shorts in china. *************************************************************** could you pls give some light on thesse two bars with wyckoff method? thanks.