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#41 SemiBizz

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Posted 02 May 2008 - 01:41 PM

OK, here it is... they will escape now if no new low comes in the next 35 min. If we see a new low in that window...this is TOAST.
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#42 SemiBizz

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Posted 02 May 2008 - 01:42 PM

Mkt knows something we don't know yet... anybody else read that in the tape ? ? ?


Semi,

What exactly are you seeing on the tape that concerns you that much ?


Well a lot of things, the most recent being the gap down on the 3 min on volume.. look.
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

#43 redfoliage2

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Posted 02 May 2008 - 01:43 PM

The concensus target for this wave 5 up was ES 1425 and it kissed there for a few seconds and then quickly ran away south. I missed that 1425 to go back short today but I will if we could see it again Monday, which is a low probability.

#44 SemiBizz

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Posted 02 May 2008 - 01:44 PM

In fact if we see that pattern repeated... it's going to get very, very ugly.
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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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#45 hiker

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Posted 02 May 2008 - 01:45 PM

on the target for this multi-week advance, some calc methods provided $9500 target for NYA weeks ago...it so happens, that today the 200day sma also resides nearby. that does not help us now quantify what sort of pullback we now have.

Edited by hiker, 02 May 2008 - 01:47 PM.


#46 SemiBizz

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Posted 02 May 2008 - 01:49 PM

so, watch for trend change now at 14:55
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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#47 NAV

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Posted 02 May 2008 - 01:49 PM

Mkt knows something we don't know yet... anybody else read that in the tape ? ? ?


Semi,

What exactly are you seeing on the tape that concerns you that much ?


Well a lot of things, the most recent being the gap down on the 3 min on volume.. look.


Which index are you talking about ?

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#48 eminimee

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Posted 02 May 2008 - 01:50 PM

http://stockcharts.com/c-sc/sc?s=$NYA&p=W&yr=8&mn=3&dy=0&i=p53622955502&a=103379764&r=6456.png

#49 beta

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Posted 02 May 2008 - 01:52 PM

Tea, you have a compelling way with charts. B)
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#50 SemiBizz

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Posted 02 May 2008 - 02:09 PM

SPX and Nasdaq NAV LQQK SKF is ROCKING !! Something is up BIG TIME here !!
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