Volume needs to pick up to sustain this move
Started by
Chilidawgz
, Sep 01 2010 02:35 PM
4 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 01 September 2010 - 02:35 PM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
goldswinger
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Posted 01 September 2010 - 03:08 PM
What you want if you are "they" is to have the boat fully loaded by September 8 or so, before the real volume selling kicks in into October, a massive distribution of sorts........ what better way but to start at a relatively high number like 1130+ somewhere.......MCO's turning up again with even more positive divergence....
http://stockcharts.com/h-sc/ui?s=$SPX...amp;a=207591817
GS.
#3
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 01 September 2010 - 03:14 PM
Actually my system is on a buy signal...I just expect that 63 area to offer first resistance, then we see what shakes after that. Don't like this start up on weak volume tho.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#4
goldswinger
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Posted 01 September 2010 - 03:36 PM
Actually my system is on a buy signal...I just expect that 63 area to offer first resistance, then we see what shakes after that. Don't like this start up on weak volume tho.
Honestly who cares about volume, volume was weak all the way up from March '09 + it is the last week before labour day, weakest volume week of the year.
To me the key is the divergent MCO at a +0 level. Any other take is totally misleading!!
GS.
#5
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 01 September 2010 - 08:19 PM
This is kinda interesting, summation is turning up 
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
