29 replies to this topic

[skott]

you know Nav, I did ask the question. could I get an answer? I have provided quite a bit on this thread. can YOU at least give an answer? I have been short and that is no secret.

[NAV]

you know Nav, I did ask the question. could I get an answer? I have provided quite a bit on this thread. can YOU at least give an answer? I have been short and that is no secret.

No i am not concerned. I don't beleive in statistics based trading. I am more of a dynamic trader and determine trend turns based on price trends and momentum. Rest of it i consider noise. If i look at too many things, i will either freeze or go looney and i say that seriously.

The reason i asked you was to know, whether you were considering flipping long based on that information or merely feeling uncomfortable.

[skott]

just feeling uncomfortable. my ST indicators (like everyone else's) are overbought and starting to roll over. The other concern I have and I stated this before even I saw H&S pattern was that we might have completed the C wave decline. we are still lingering below 38% fib resistance. clinging short for now

[laza]

This is a leg by leg struggle, minute by minute, hour by hour, day by day. I just measure the strength of the moves and compare them to know who is winning.

I'm looking at the hourly chart on SPY and it seems the higher we go, the more pathetic the volume. Volume is steeply declining -- the exact opposite of "quality of volume" -- and yesterday's monster hourly candle was "tested" (to my untrained eye) on half it's volume. Isn't that a failed test?

[SemiBizz]

This is a leg by leg struggle, minute by minute, hour by hour, day by day. I just measure the strength of the moves and compare them to know who is winning.

I'm looking at the hourly chart on SPY and it seems the higher we go, the more pathetic the volume. Volume is steeply declining -- the exact opposite of "quality of volume" -- and yesterday's monster hourly candle was "tested" (to my untrained eye) on half it's volume. Isn't that a failed test?

To some eyes it is a failed test. There are other factors that come into play. We already proved the market can go higher and higher on lighter volume... last week it was the other way around.

[zoropb]

This is a leg by leg struggle, minute by minute, hour by hour, day by day. I just measure the strength of the moves and compare them to know who is winning.

I'm looking at the hourly chart on SPY and it seems the higher we go, the more pathetic the volume. Volume is steeply declining -- the exact opposite of "quality of volume" -- and yesterday's monster hourly candle was "tested" (to my untrained eye) on half it's volume. Isn't that a failed test?

To some eyes it is a failed test. There are other factors that come into play. We already proved the market can go higher and higher on lighter volume... last week it was the other way around.

Semi ya cannot have it both ways based on what the prior poster said what is the higher probability up or down in your opinion of that test. We all know it can do what ever in the short run. I got an opinion and that is lots of dumping going on here to Joe Six. Kinda sounds like your long here bud.

Z

Edited by zoropb, 14 July 2009 - 02:08 PM.

[dcengr]

This is a leg by leg struggle, minute by minute, hour by hour, day by day. I just measure the strength of the moves and compare them to know who is winning.

I'm looking at the hourly chart on SPY and it seems the higher we go, the more pathetic the volume. Volume is steeply declining -- the exact opposite of "quality of volume" -- and yesterday's monster hourly candle was "tested" (to my untrained eye) on half it's volume. Isn't that a failed test?

To some eyes it is a failed test. There are other factors that come into play. We already proved the market can go higher and higher on lighter volume... last week it was the other way around.

Semi ya cannot have it both ways based on what the prior poster said what is the higher probability up or down in your opinion of that test. We all know it can do what ever in the short run. I got an opinion and that is lots of dumping going on here to Joe Six. Kinda sounds like your long here bud.

Z

Sometimes the market accomodates the selling a bit more when J6P demand is high..

Talked to a guy today who bought into the market a few weeks ago and was all excited about it going up. I asked him... if you bought a few weeks ago, the market's gone nowhere. He agreed, but he was bullish nonetheless. Had plans for the money he was gonna make and all that.

I told him I was being cautious here and some smart guys who are more often right then wrong were short here. He seemed pretty content with waiting for a pop to sell into. He's a retail, ofcourse.

But this is not scientific.. I didn't go asking 100 people about it.

[SemiBizz]

This is a leg by leg struggle, minute by minute, hour by hour, day by day. I just measure the strength of the moves and compare them to know who is winning.

I'm looking at the hourly chart on SPY and it seems the higher we go, the more pathetic the volume. Volume is steeply declining -- the exact opposite of "quality of volume" -- and yesterday's monster hourly candle was "tested" (to my untrained eye) on half it's volume. Isn't that a failed test?

To some eyes it is a failed test. There are other factors that come into play. We already proved the market can go higher and higher on lighter volume... last week it was the other way around.

Semi ya cannot have it both ways based on what the prior poster said what is the higher probability up or down in your opinion of that test. We all know it can do what ever in the short run. I got an opinion and that is lots of dumping going on here to Joe Six. Kinda sounds like your long here bud.

Z

Well, this game is half science, half art. This is where the art comes in. Knowing when to fade those "no quality of volume" divergence signals...

I was long INTC til about 5 min ago, dumped it at 16.80... 2 day trade 5%. No brainer.

I don't believe in holding for earnings...

Edited by SemiBizz, 14 July 2009 - 02:39 PM.

[zoropb]

This is a leg by leg struggle, minute by minute, hour by hour, day by day. I just measure the strength of the moves and compare them to know who is winning.

I'm looking at the hourly chart on SPY and it seems the higher we go, the more pathetic the volume. Volume is steeply declining -- the exact opposite of "quality of volume" -- and yesterday's monster hourly candle was "tested" (to my untrained eye) on half it's volume. Isn't that a failed test?

To some eyes it is a failed test. There are other factors that come into play. We already proved the market can go higher and higher on lighter volume... last week it was the other way around.

Semi ya cannot have it both ways based on what the prior poster said what is the higher probability up or down in your opinion of that test. We all know it can do what ever in the short run. I got an opinion and that is lots of dumping going on here to Joe Six. Kinda sounds like your long here bud.

Z

Well, this game is half science, half art. This is where the art comes in. Knowing when to fade those "no quality of volume" divergence signals...

I was long INTC til about 5 min ago, dumped it at 16.80... 2 day trade 5%. No brainer.

I don't believe in holding for earnings...

thought so nice trade! I missed the long got too cute

Z

[SemiBizz]

See for me on Friday... when Nasdaq stopped at 1738, couldn't break the volume hourly low on lighter at 1735 but could blow out the high, that was the signal. It was repeated on Monday morning... tested 1736 on light volume, confirmation. BOOMMM.... So it's not always "quality of volume" that gives signals, we can find harmony in dissonence.

Edited by SemiBizz, 14 July 2009 - 02:50 PM.