Edited by SemiBizz, 13 April 2007 - 08:21 PM.
The Moment of Truth
#21
Posted 13 April 2007 - 08:16 PM
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
#22
Posted 13 April 2007 - 08:38 PM
Edited by SemiBizz, 13 April 2007 - 08:40 PM.
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
#23
Posted 13 April 2007 - 08:41 PM
#24
Posted 13 April 2007 - 08:43 PM
Folks;
1- I am not QIDTrader. If possible Admins can check IP addresses. I am in NY, I post from two locations, home and work.
2- Secondly, I have seen some confusion regarding why I am shorting:
As I said tens of times, before and after Feb 27, this market will not let retail investors to make money on the short side.
You can not wait for confirmation because you will not get one. (on the downside)
This market has different characteristic, the market changed since the fall of 2006.
We are in a terminal move and most of your indicators are worthless. Price is the only one that will rule, price will lead everything, including internals.
When you get an EOD reversal confirmation , it will be too late, you will once again want to buy the market instead of selling because your oscillators will be oversold... out of the map .
Some people learned their lesson on Feb 27, some did not, some will never.
Shorting into the possible reversal pivots are not my usual method, but this is how this market has to be dealt. No one is trying to be hero here, I have stops. You should have too.
This is a terminal move and requires extreme caution for everybody.
Good trading all.
One last thing...
It is entirely possible the market can blast through the highs. Smart money has been strictly trading the price. I observed this real time over the last few weeks. OEX option transactions are perfectly in sync with pattern breakouts and breakdowns. Today it hit 4+ intraday. Later on, SPX marginally broke out, then Boys backed off.
It may be an opex fake out. Monday will tell it all.
#25
Posted 13 April 2007 - 08:46 PM
#26
Posted 13 April 2007 - 08:52 PM
http://www.traders-t...lite=snowflakes
And I've seen several other "phrase lifts" from other posters in QID's verbiage. I must also say that I recognize that very distinctive tone of mockery. The poster definitely wants some on the board to "get it".
#27
Posted 13 April 2007 - 09:10 PM
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
#28
Posted 13 April 2007 - 09:33 PM
What crash? Sounds like more useless dribble.
its .....drivel
#29
Posted 13 April 2007 - 10:36 PM
#30
Posted 13 April 2007 - 10:40 PM