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History Doesn't Repeat, But it Often Rhymes.


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#1 SemiBizz

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Posted 20 December 2006 - 02:45 PM

http://bigcharts.mar...&mocktick=1.gif



http://bigcharts.mar...&mocktick=1.gif
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Volume is the only vote that matters... the ultimate sentiment poll.

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#2 traderpaul

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Posted 20 December 2006 - 02:51 PM

http://bigcharts.marketwatch.com/charts/big.chart?symb=nasdaq&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=15&sid=3291&style=320&freq=1&startdate=8/4/2004&enddate=1/24/2005&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=5427&mocktick=1.gif



http://bigcharts.mar...&mocktick=1.gif

Yep, Mark up ....Distribution.....Mark down.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. " Rickoshay

#3 SemiBizz

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Posted 20 December 2006 - 03:16 PM

See how the volume dropped off and price just continued to go nuts? That's what I expect here after this long runup...
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

#4 gm_general

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Posted 20 December 2006 - 03:54 PM

It seems like any time you get a big runup for months into Jan 1, you will probably get a selloff brought to you by all those retail stock holders who waited to sell to delay paying taxes till the next year. But will it turn into more than a retrace?

#5 sglasson

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Posted 20 December 2006 - 04:04 PM

also rhymes, but a little better reward for the risk

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&st=2003-08-21&en=2004-02-02&i=t79420988814&r=6733.png

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=4&dy=0&i=t32279553423&r=8643.png

#6 OEXCHAOS

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Posted 20 December 2006 - 06:02 PM

I hope you guys are right. The sentiment supports, even as it also says we're months away from an important top. Then again, look how far down the 50-week EMA is.
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