Set up:
* Up trend for a while (price up 15% or more),
* one day the price creates new high and closed high (>%1 for stocks or >0.4% for indexes than previous day),
* with HUGE volume (>50% more than the highest daily volume in previous 3 days).
Analysis:
1. Although many buyers, institues may sell high, so possible pull down.
2. If consolidated well, may resume up trend and make new high.
3. If not consolidated well, may begin down trend.
Next days strategy:
1. If open high, hold stocks or test sell; If intrday price breaks down today's close, then sell or even short sell.
2. If open low, then active sell or even short sell.
3. If intraday price down first then up and breaks up today's high, means sell pressure diminished, then cover short or even buy more.
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