October Games Starting A Day Early
Started by
SemiBizz
, Sep 30 2013 08:12 AM
65 replies to this topic
#21
SemiBizz
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Posted 30 September 2013 - 12:05 PM
So I put this chart up the other day... the reference candle for the $yen is featured in Red. You can see what happened today, we tested the top of it this morning at 97.50, and it was rejected, for now anyway.
Price and Volume Forensics Specialist
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
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
SemiBizz
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Posted 30 September 2013 - 12:10 PM
$Yen made it's low premarket and bounced on progressively stronger hourly volume off the low, filling the gap. And the equity market had it's down opening reaction, then followed the path of the $yen, consistent with what you see on that daily 2 month chart.
Edited by SemiBizz, 30 September 2013 - 12:11 PM.
Price and Volume Forensics Specialist
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
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
#23
andiron
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Posted 30 September 2013 - 12:35 PM
So I put this chart up the other day... the reference candle for the $yen is featured in Red. You can see what happened today, we tested the top of it this morning at 97.50, and it was rejected, for now anyway.
what about this?
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#24
SemiBizz
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Posted 30 September 2013 - 12:53 PM
One way to look at it. Not the way I see this though.
Price and Volume Forensics Specialist
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
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
andr99
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Posted 30 September 2013 - 12:55 PM
$Yen made it's low premarket and bounced on progressively stronger hourly volume off the low, filling the gap. And the equity market had it's down opening reaction, then followed the path of the $yen, consistent with what you see on that daily 2 month chart.
forgive my ignorance, but why is the stock market in america following the yen ? I mean, in this moment I understand that a weak dollar is bullish for equities and a strong dollar is bearish for equities, but why specifically the yen ?
Edited by andr99, 30 September 2013 - 12:56 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#26
SemiBizz
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Posted 30 September 2013 - 01:00 PM
OK, once again, I don't deal in the whys, I will leave that up to someone else...
I just identify technical patterns in the market and trade accordingly...
I just identify technical patterns in the market and trade accordingly...
Price and Volume Forensics Specialist
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
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
PrintFaster
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Posted 30 September 2013 - 01:20 PM
Put/Call skyrocketing as we trade later into the day.
#28
ogm
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Posted 30 September 2013 - 02:05 PM
Put/Call skyrocketing as we trade later into the day.
Shutdown now appears imminent. Neither side is yielding. And the fun is only starting , as its unlikely shutdown will be resolved before the debt ceiling.
Another big gap down tomorrow as realization sets in wouldn't be surprising at all.
Edited by ogm, 30 September 2013 - 02:07 PM.
#29
SemiBizz
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Posted 30 September 2013 - 03:00 PM
Look at 'em buy here at the close, absolutely SURE there will be a deal...
Price and Volume Forensics Specialist
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
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
#30
arbman
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Posted 30 September 2013 - 03:02 PM
I am still mildly bearish, looking for a better consolidation after the third gap down with somewhat breadth divergence...
