Edited by ogm, 24 May 2013 - 08:23 AM.
No POMO day... wonder how it goes. Chart.
#1
Posted 24 May 2013 - 08:20 AM
#2
Posted 24 May 2013 - 08:24 AM
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
#3
Posted 24 May 2013 - 08:45 AM
Sucks, there's no volume...
AAPL premarket 105K
zzzzzz
Pre-holiday Friday. Volume will probably go completely dead after european close.
#4
Posted 24 May 2013 - 08:50 AM
Crude back down to $93, investors are back to "BTFD", picking up more retail and financials.
Textbook consolidation, nobody can say we are overbought anymore.
Day Two of the selloff an the McClellan Oscillator is already oversold.
#5
Posted 24 May 2013 - 08:52 AM
Here we go again.
Crude back down to $93, investors are back to "BTFD", picking up more retail and financials.
Textbook consolidation, nobody can say we are overbought anymore.
Day Two of the selloff an the McClellan Oscillator is already oversold.
What do you mean no one can say we are overbought ? Have you looked at weekly, or monthly ?
btw... DOW didn't have 3 down days in a row this year. If we do have a red close today, which is starting to look likely.. this will be a clear change of character.
#6
Posted 24 May 2013 - 08:55 AM
#7
Posted 24 May 2013 - 09:08 AM
Edited by PrintFaster, 24 May 2013 - 09:09 AM.
#8
Posted 24 May 2013 - 09:10 AM
I can!Here we go again.
Crude back down to $93, investors are back to "BTFD", picking up more retail and financials.
Textbook consolidation, nobody can say we are overbought anymore.
Day Two of the selloff an the McClellan Oscillator is already oversold.
We got issues lower that need resolving as I mentioned in my post on Semi's top thread. After that then I am open to what ever. Pure TA no emotion.
There are 4 very large issues 1 is that signal I mentioned.
btw as we they become resolved I will mention it here.
Edited by zoropb, 24 May 2013 - 09:14 AM.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#9
Posted 24 May 2013 - 09:11 AM
The participation has been shrinking already even during this latest spike.
If you look at 5% and 10% components ( Middle indicator ) they aren't nearly as oversold as they can be. ( compare to November last year for example )
MCO is the difference between 19 and 39 DMA ( 5% and 10% components ) So the difference is widening, which indicates momentum. The actual moving averages themselves don't look pretty and aren't oversold.
We'll probably stabilize around those moving averages on the price chart, that would coincide with the gap close and wiping this latest leg completely. Consolidate, and may try to even pop back up a little, but if we break below, hang on to your hats.
Edited by ogm, 24 May 2013 - 09:19 AM.
#10
Posted 24 May 2013 - 09:11 AM