Jump to content



Photo

Forget Crash, Where's the retracement?


  • Please log in to reply
35 replies to this topic

#1 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 05 July 2007 - 09:12 AM

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



Wall Street is on a Holiday Hunt, anyone seen any of these critters?

:bear: :bear: :bear: :bear:
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

#2 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 05 July 2007 - 09:23 AM

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



If the semis don't go with any move down in the broader Nasdaq and QQQQ's that can mean only one thing.. it is bear bait - you are being setup...


The semis actually are going to give you the HEADS UP or DOWN....

Edited by SemiBizz, 05 July 2007 - 09:26 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  http://parler.com/Volumedynamics

#3 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 05 July 2007 - 09:32 AM

I'm watching those sox charts carefully that I posted earlier...ES may need to fill a small gap at 1538.50 or a slight new high from the move off last weeks bottom ...1541.50 possible...but then a move down....don't know what that move down will be at this point of course.

#4 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 05 July 2007 - 09:37 AM

don't know what that move down will be at this point of course.




Posted Image
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

#5 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 05 July 2007 - 09:52 AM

maybe.....but I don't think so at this point.....it's a rate game for the time being until TNX tops out. Q's hit my target. fwiw...if the count is right...we've topped

#6 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 05 July 2007 - 09:58 AM

Q's hit my target. fwiw...if the count is right...we've topped





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



There are no principal parties that run the market that are interested in selling. What you have here is illustrated by the volume spikes... each one sets a trading floor... and they are going to keep on jacking this up until one of those pillars get broken on volume... and REMEMBER, the monthly all time volume high is all the way up there at 2892....



edit:The 3 min volume just went ballistic, so you could be on target...

Edited by SemiBizz, 05 July 2007 - 10:04 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  http://parler.com/Volumedynamics

#7 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 05 July 2007 - 09:59 AM

High oil and commodity price are good for stocks. Because commodity stocks are the biggest driver of this market. If they are going up = market is going up. Watch financials. Btw, what does your volume analysys say about XLF daily ?

Edited by ogm, 05 July 2007 - 10:00 AM.


#8 arbman

arbman

    Quant

  • Traders-Talk User
  • 19,504 posts

Posted 05 July 2007 - 10:18 AM

Semi, it is a bit early, but from what I am seeing, a worse decline than the March correction is developing. It is a terrible market structure on Nasdaq --advancing/declining breath and volume momentum, NYSE is all broken, and NDX is leading :blink: ...speculation galore on CBOE equity P/C :huh:

#9 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 05 July 2007 - 10:26 AM

Well, of course a nasty downturn is setting up... that's why I decided to sit this out and wait for my indicators to turn down... so far they haven't, and all that will happen if we go down here on light volume is another big thrust up... too many bears still out there...

Posted Image
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

#10 thespookyone

thespookyone

    Member

  • Traders-Talk User
  • 6,043 posts

Posted 05 July 2007 - 10:43 AM

maybe.....but I don't think so at this point.....it's a rate game for the time being until TNX tops out.

Q's hit my target. fwiw...if the count is right...we've topped


Bought my next batch of puts when Q's hit your 48.52 target(On the nose!). Bought QQQSV at .40, and QQQTU at .52. Risk seems right for reward, right here.