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OT: SEMIBIZZ a question,

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#1 slupert

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Posted 07 September 2018 - 08:07 AM

They are dumpimng tech but maybe throwing the baby out with the bathwater?  A "W" bottom is  a powerful formation and one of my favorites to trade. Not any readl chart damage yet, still overbought. Thinking about testing the water at the 200, whaddaya think?

 

http://schrts.co/GxBYVf



#2 SemiBizz

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Posted 07 September 2018 - 08:18 AM

It's at the center of the trade war...

 

I think we're going to open on the lows and rally today... (hunch)

 

If you are talking about a day trade long, fine...

 

Your "W" pattern can fall into a zig zag decline, measure the length of the lines to determine your downside target...it would break the low on this chart you linked.


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


#3 12SPX

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Posted 07 September 2018 - 08:44 AM

Love the discussion as normal markets do go up and down, much better than to the moon chatter or new highs are ahead, good job guys!!! 



#4 SemiBizz

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Posted 07 September 2018 - 08:44 AM

SMH is fine for a trading instrument, but your signals should be derived from the SOXX Index...

 

For today:

 

SOXX - SHARP PULLBACK ON STRONG, BUT LIGHTER VOLUME - Big Damage as SOXX closed down 37 points at 1366, just a point from the low of the day... now the SOXX failed to test the 1362 pivot today, that's still out there to be tested, should we see a negative reaction to the news tomorrow... overall though this is probably ready to bounce... SOXX closed at 1366 - we see resistance at 1369, 1372, 1375, 1378, 1381, 1384, 1386, 1390 and support at 1366, 1364, 1361, 1359, 1357, 1354, 1352, 1348, 1345, 1342

 

 

SOX tested the 1362 and bounced sharply... I cover this every day, anyone who wants to trade semiconductors should get my daily forecasts...


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


#5 SemiBizz

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Posted 07 September 2018 - 08:53 AM

You should consider taking a quick profit at SOXX 1390...

 

Not trading advice, I said consider.


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


#6 slupert

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Posted 07 September 2018 - 08:59 AM

Thanks Bro.



#7 SemiBizz

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Posted 07 September 2018 - 09:14 AM

We kickass  every day on the semiconductors... I am an expert on semiconductors, I never let that get in the way of good technical analysis... because that's what these things trade on...


Edited by SemiBizz, 07 September 2018 - 09:15 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


#8 slupert

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Posted 07 September 2018 - 10:00 AM

 Perfect bounce off the 50 so far on the SOXX chart,  http://schrts.co/LHmjt2



#9 12SPX

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Posted 07 September 2018 - 10:02 AM

We kickass  every day on the semiconductors... I am an expert on semiconductors, I never let that get in the way of good technical analysis... because that's what these things trade on...

curious are you also the guy that flys to China all the time?



#10 SemiBizz

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Posted 07 September 2018 - 10:19 AM

 

We kickass  every day on the semiconductors... I am an expert on semiconductors, I never let that get in the way of good technical analysis... because that's what these things trade on...

curious are you also the guy that flys to China all the time?

 

 

I haven't been there in about a year now...

 

New Zealand next on the docket.


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






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