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How To Find Bullish Selling With RTT On Balance Volume

By: readtheticker | Monday, November 19, 2012

RTT On Balance Volume (RTT OBV) follows the Wyckoff volume laws of higher volume on the upswing and lessor volume on the down swing for a well performing bullish trend. Here is one example that suggest a rally for this ETF is due.

This was the view for the gold minors GDX. The bullish selling during June and July 2012 forecast the rally very well.


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The RTT OBV is showing the same behavior in TBT (Short bonds, and higher interest rates).


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RTT OBV does not give buy and sell signals however used with other readtheticker.com tools you can time you entry with ease. Also please review charts with Wyckoff 2.0 logic (Gann and Hurst).

 

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Author: readtheticker

readtheticker
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We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

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