Another Powerful Display of the Black Diamond, Look out for "No Demand" on the next 2 bars

Once Black Diamond appears, look out for the next two bars to see if there is no demand. If no demand
bar is detected (upbar with volume less than the last two transaction volume), it qualifies as Short Sell Candidate.

Past posting on similar topics as follow: Read if you have missed it earlier.

http://volume-price-spread-for-metastock.blogspot.com/2011/03/another-demonstration-of-newly.html
http://volume-price-spread-for-metastock.blogspot.com/2011/02/new-developed-indicator-that-inform-you.html
http://volume-price-spread-for-metastock.blogspot.com/2011/03/new-scanner-picks-up-stock-for-shorting.html

Another demonstration of the newly created Indicator that provides excellent shorting opportunity

Previous blog post, I demonstrated how the new indicator "Looking for no demand for shorting" from the below post, if you miss it, click here >> http://volume-price-spread-for-metastock.blogspot.com/2011/02/new-developed-indicator-that-inform-you.html

Above is another stock that triggered the expert indicator sometimes back, the black diamond is

specifically used for this alert. You will see this often in the future. As you can see, after the black

diamond triggered,I had to wait for potential weakness on the next few bars to warrant a short sell. Immediately after the black diamond, we could see that the next alert was "Lack of Demand" and this confirmed the  weakness. But shorting should be done only the next bar if it closed was below the

pivot level of the "Lack of Demand" bar. Indeed, as shown above, the next bar closed much lower

than the"Lack of Demand" bar and warrant a short sell. This is no coincidence, with a trading system

that  alerts me on possible future event to look for, make trading fun and interesting to be.