1509 should be tested
#1
Posted 29 May 2007 - 08:48 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 29 May 2007 - 08:57 AM
If my bastardized Semibiz approach to the ES is any good, we should see 150900 tested soon, barring some buying volume coming in. The high ARMS supports it being sooner rather than later, and the EOM suggests that if it isn't today and tomorrow AM, it won't happen until next week.
Mark
ES 1507.75 was last weeks low. The S&P 500 cash has not traded below the prior weeks low for the past 10 weeks. Amazing. Is that a record?
There are sure to be a lot of stops at that level.
#3
Posted 29 May 2007 - 09:12 AM
Edited by SemiBizz, 29 May 2007 - 09:16 AM.
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
#4
Posted 29 May 2007 - 09:25 AM
Mark S Young
Wall Street Sentiment
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#5
Posted 29 May 2007 - 09:26 AM
ABC down is cancelled at 1529.87 here we come.
should have read AND 1529.87 here we come.
Now if 1521 holds we're going under 1500 here back to test 5/3 high volume low of 1495. Consistent with Nasdaq action, already tested 5/2 low on 15% more volume...and that says due for retest.
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
#6
Posted 29 May 2007 - 09:26 AM
#7
Posted 29 May 2007 - 09:27 AM
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
#8
Posted 29 May 2007 - 09:32 AM
Mark S Young
Wall Street Sentiment
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http://wallstreetsen...t.com/trial.htm
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#9
Posted 29 May 2007 - 09:32 AM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#10
Posted 29 May 2007 - 09:41 AM
Hows this?
BTW, I don't like those bigger green volume sticks, but they are still less than the big red one.
Not good enough to make any decisions, show me the daily. The smaller the timeframe the greater the percentage of error.
Edited by SemiBizz, 29 May 2007 - 09:42 AM.
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