Jump to content



Photo

Nasdaq Still Holding Under 6371 Fib Resistance

Since 7/31

  • Please log in to reply
89 replies to this topic

#11 salam

salam

    Member

  • Traders-Talk User
  • 887 posts

Posted 07 August 2017 - 12:07 PM

'If they don't wear U out...they will scare U out!'

 

Talking about Quotes... Who said 1: I came I saw I conquered?

                                                      2 : We we fight them on the beaches...we will fight them in the Hills, we will never surrender?

                                                      3: Defeat is good?

 

Answers later!


I'm not sure what my future holds... But I know who holds it.

#12 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 10,473 posts

Posted 07 August 2017 - 01:19 PM

Today it looks to me a bluffing move by the boyz who try to mount a rally out of thin air.  Made a false breakout just to blow away stops from some shorts.  Next move will be the opposite.


Edited by redfoliage2, 07 August 2017 - 01:28 PM.


#13 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 7,790 posts

Posted 07 August 2017 - 01:34 PM

>Today it looks to me a bluffing move by desperate bulls.<   u gotta be faster than that eh

 

Today it looks to me a bluffing move by the boyz who try to mount a rally out of thin air.  Made a false breakout just to blow away stops from some shorts.  Next move will be the opposite.

desperate.....like who?pop.gif



#14 salam

salam

    Member

  • Traders-Talk User
  • 887 posts

Posted 07 August 2017 - 05:23 PM

Answers....

1: Julius Caesar
2: Winston Churchill
3: Bob Marleys' Foot specialist :-)
I'm not sure what my future holds... But I know who holds it.

#15 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,851 posts

Posted 08 August 2017 - 08:42 AM

OK, so that's how they test these things... Jumps the Creek...

 

Should see consolidation now to 6371 again shortly.

 

And another consolidation... Nasdaq really needs to stay over 6371, because another down move can be decisive to the target...


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/tradingcoach1

#16 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,851 posts

Posted 08 August 2017 - 01:47 PM

You know this Nasdaq has a nasty way of jamming these upthrusts up the wazooo.... gets over done and then everybody pukes on it... Here's a chart that shows some of that... if it can break under 6371... could happen.

 

 

nas080817d.JPG.f7e1f1fa4a7b51d933f042c36


Edited by SemiBizz, 08 August 2017 - 01:48 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/tradingcoach1

#17 salam

salam

    Member

  • Traders-Talk User
  • 887 posts

Posted 08 August 2017 - 02:06 PM

SHORT S+P Full position 2480 Stop 2484


I'm not sure what my future holds... But I know who holds it.

#18 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 10,473 posts

Posted 08 August 2017 - 02:16 PM

The actions in the last two days are typical of a toppy market. 



#19 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,851 posts

Posted 08 August 2017 - 02:28 PM

See there's 6371 again.... THE POWER OF FIBONACCI !!


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/tradingcoach1

#20 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,851 posts

Posted 08 August 2017 - 02:34 PM

6371 looks DONE...

 

New lows for Nasdaq on the day...

 

That little box I drew for today...?

 

Looks good, don't it?

 

yes.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/tradingcoach1