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The Dreaded, Dirty Dragonfly tonight SPX, SOX.


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#1 SemiBizz

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Posted 12 January 2017 - 06:44 PM

 

 

Think of it as a drone...

 

yes.gif

 


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#2 kinga200

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Posted 12 January 2017 - 08:54 PM

My indicators keep moving down. Price is finally following.

Imho I think this is going a lot further down than most think.

#3 K Wave

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Posted 13 January 2017 - 08:41 AM

AAAAOOOOOOO

 

Naz summation turned back down yesterday and made fresh low for the move right into the Wolf Moon....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#4 K Wave

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Posted 13 January 2017 - 08:47 AM

NQ 5040 looks be setting up for pivot for rest of day....

 

If bears can't bust that soon, then bulls could still ram it upwards one more time...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#5 alexnewbee

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Posted 13 January 2017 - 09:25 AM

that is bullish, no? :)


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#6 K Wave

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Posted 13 January 2017 - 10:22 AM

YM is now the weak sister....be on the lookout for the full moon reversal here after final squeeze of shorts...

 

A move under YM 19,820 would be first big warning sign...


Edited by K Wave, 13 January 2017 - 10:24 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#7 SemiBizz

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Posted 13 January 2017 - 10:34 AM

From Today's SOX forecast:

SOX - GAP DOWN AND DEEP PULLBACK ON LIGHTER VOLUME - CLOSES ON DRAGONFLY DOJI 
- Dragonfly doji occurs with a price that closes near the opening price and with 
a long tail down to the low with the appearance of a dragonfly ... http://thepatternsite.com/Dragonfly.html  
While overall it is an indecisive picture, most of the time these resolve to the 
upside.

Edited by SemiBizz, 13 January 2017 - 10:38 AM.

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

#8 K Wave

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Posted 13 January 2017 - 10:46 AM

YM holding the line thus far...pivot set....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#9 SemiBizz

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Posted 13 January 2017 - 11:36 AM

5581 is monster so far... once broken we could see a huge jump the creek...

 

To the next fib resistance in the 5600s...

 

Today's Nasdaq Forecast:

 

NASDAQ - DEEP PULLBACK ON LIGHTER VOLUME Closed down on the Fibonacci 8th day of the uptrend, but down only 16 points after failing to hold under 5500 at today's low of 5496 and closed at 5547 or up 50 points off the low.  So we'll chalk this up to a possible running consolidation here because of the light volume and we would expect some further rally attempt.... in fact as long as 5474 holds here, Nasdaq is generally in good shape for higher prices... now we did give you our next fib level at 5581, so that would be the target on a breakout over the previous 5564 high...

 


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

#10 SemiBizz

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Posted 13 January 2017 - 11:48 AM

What is it that ails those boyz up in NYC...?

Nasdaq is smoking by the DJIA and SPX...

Even RUT can't keep up.

Meanwhile... nary a soul interested in energy stocks...

too busy buying semiconductors and techs.zipped.gif


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