DANGEROUS DIVERGENCE IN PLAY
#21
Posted 10 September 2010 - 11:53 AM
I forecast higher prices on a regular basis, many of which I have shared here...
Overall the most important aspect of my work is "DYNAMICS"
The overall dynamic in play HERE is THIS...
The SEMICONDUCTORS are the weakest group.
For the moment there is a very important testing process going on...
Remember, we started September on a POWERFUL MONTHLY GAP UP.
And there is nothing bearish going on until those gaps are filled...
So we have the weakest group, can the market send it reeling or will it get over it?
The most important aspect of the weakness in the semiconductors now is whether or not the gap up on the Monthly gets filled... SOX 307.49 / SMH 24.14
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#22
Posted 10 September 2010 - 12:14 PM
Or is this sector's leadership as important as it once was in the 1990's?So we have the weakest group, can the market send it reeling or will it get over it?
Fib
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#23
Posted 10 September 2010 - 12:20 PM
http://bigcharts.mar...&mocktick=1.gif
Not far now from filling that monthly gap 17.60
17.84 - Today's Low
I have INTC Dead Center on my chart screens here...
If that SOX/SMH gap is likely to be filled, we may see INTC fill it's gap first....
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#24
Posted 10 September 2010 - 12:23 PM
Or is this sector's leadership as important as it once was in the 1990's?So we have the weakest group, can the market send it reeling or will it get over it?
Fib
Or how about the Banks (BKX) ?
I guess we don't need them either, eh?
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#25
Posted 10 September 2010 - 12:28 PM
Or is this sector's leadership as important as it once was in the 1990's?So we have the weakest group, can the market send it reeling or will it get over it?
Fib
Or how about the Banks (BKX) ?
I guess we don't need them either, eh?
No dude, you got the logic wrong. Read this:
http://www.marketwat...03?siteid=yhoof
I have about 6-8 computers(servers/desktops/laptops) almost always at home since the last 10 years now. I constantly replace the old ones but I have not got any new ones except the ipad and new i7 laptop over the last couple of years. They all seem to work fine for now and I might not get anything new for another year or more. Add cloud computing to the mix and its going to be much later.
Edited by Will, 10 September 2010 - 12:30 PM.
#26
Posted 10 September 2010 - 02:19 PM
Or is this sector's leadership as important as it once was in the 1990's?So we have the weakest group, can the market send it reeling or will it get over it?
Fib
Or how about the Banks (BKX) ?
I guess we don't need them either, eh?
No dude, you got the logic wrong. Read this:
http://www.marketwat...03?siteid=yhoof
I have about 6-8 computers(servers/desktops/laptops) almost always at home since the last 10 years now. I constantly replace the old ones but I have not got any new ones except the ipad and new i7 laptop over the last couple of years. They all seem to work fine for now and I might not get anything new for another year or more. Add cloud computing to the mix and its going to be much later.
Sorry, I guess you didn't read this part of the article...
We are in the midst of a long-term and massive economic slowdown.
BTW,
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#27
Posted 11 September 2010 - 02:28 AM
http://stockcharts.com/h-sc/ui?s=$SOX...id=p91043109116
#28
Posted 11 September 2010 - 10:43 AM
Seems like we had something else driving the market...
That driver is dead now.
http://bigcharts.mar...&mocktick=1.gif
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#29
Posted 11 September 2010 - 10:38 PM
#30
Posted 12 September 2010 - 04:27 PM