Sounds interesting. Can you tell us more about how Profit From Prices system attempts to determine changes in demand and/or supply of any stock?
Sure, let me try. In a paragraph or two, I can not tell you everything but let me try to tell you two important things I try to unleash from prices: Emotions and Actions. For measuring emotions, I compare any day’s Open price to the previous day’s Close price. For Actions, I simply compare a day’s Close price to that day’s Open price. Sounds simple. It is but this is also very powerful with regard to capturing immediate stock price trends. In order to assess the near-future price movement for any stock, we have to see how the market (all individual and institutions together) is thinking and acting about it. I call thinking part Emotions and the acting part Actions. Changes in Emotions can be classified as Positive, Negative or no change. Similarly we will classify changes in aggregate Actions as Selling, Buying or no change. Now when Emotions and Actions both align in the same direction, we can very well predict in which direction the stock price is heading and we can take appropriate
