2006-08-03 17:28:39 · 7 answers · asked by crazytimes77 1 in Business & Finance ➔ Investing
i was thinking more along the lines of whether the market is generally more bullish or bearish when stocks trade narrowly than the definition of narrow range, thanks.
2006-08-03 18:10:59 · update #1
this calls for some technical analysis (charting). normally, when stocks trade at a narrow range, it tends to break-out of this pattern in the future. to answer the question, you have to know what the trend of the narrow range is: if it is going up, then it will more likely break-out downwards. If it is trending down, then it will break-out upwards.
If the shape of the chart is narrowing (shaped like a pendant) at a smaller range, then it will break-out upwards.
2006-08-03 18:29:37 · answer #1 · answered by J 4 · 0⤊ 0⤋
J is mostly correct. You have to look at the over all trend. For example, if the larger trend is up, then you should assume that price will break out of the range to the upside, and visa versa for a downtrend.
A pendant, like J stated, is a trend continuation pattern. If the trend is up and prices range trade and narrow down, look for the breakout to the upside, or do the down side if the trend prior to the pendant is down.
In other words, the trend prior to the range is what should be assumed to be the trend when the market breaks out.
2006-08-04 02:11:51 · answer #2 · answered by 4XTrader 5 · 0⤊ 0⤋
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2016-01-17 18:58:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
1
2017-03-01 10:16:55 · answer #4 · answered by Mary 3 · 0⤊ 0⤋
Hi , perhaps you can get answers in this website:
http://www.bernanke.cn
a website about bernanke's talk and comment and some review. as you know, bernanke have great influence in stock, Bank, oil price, forex and so on.
Google Luck.
2006-08-04 00:28:19 · answer #5 · answered by home_insurance_expert 1 · 0⤊ 0⤋
its called you should channel the stock, buy on the lows, sell on the highs of a core position you maintain near the core price
2006-08-03 18:08:12 · answer #6 · answered by slara512 2 · 0⤊ 0⤋
It is called "sideways" or "whipsaw."
2006-08-03 17:37:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋