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QID Trade Update


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#1 SemiBizz

SemiBizz

    Volume Dynamics Specialist

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Posted 05 January 2007 - 10:06 AM

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



As I mentioned in my post earlier in the week. High volume highs and lows love to be tested. Now with respect to the QQQQ, we're looking at testing Wednesday's low from here or 42.52. We'd expect that to hold for a bit because if we see 42.48 then 41s will come in short order.... Although the price damage is deep today, volume is not that robust YET.
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.

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#2 SemiBizz

SemiBizz

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Posted 05 January 2007 - 10:19 AM

So in terms of QID, this is what we expect there. Yesterday, Wednesday's low was tested on lighter volume (Bullish Spring). Now we're looking to see that high tested (56.07). Wednesday was the all time high volume...



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

#3 SemiBizz

SemiBizz

    Volume Dynamics Specialist

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Posted 05 January 2007 - 11:26 AM

If this continues to drop hard and fast, I'd expect another interruption in the futures trade by the PPPT. I'm going to close 1/2 my position if that materializes. Because it gets BOUGHT ... EVERY TIME. :angry:
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