They are finally letting buyers IN
Started by
SemiBizz
, May 22 2013 02:18 PM
9 replies to this topic
#1
SemiBizz
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Volume Dynamics Specialist
Posted 22 May 2013 - 02:18 PM
All those weeks of no testing the previous day's lows...
Why look at the discount here...
I keep reading about how stocks are not overvalued....
Where are those dip buyers?
Where's all those "watch the sky" dudes?
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
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
Bernie
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Posted 22 May 2013 - 02:39 PM
Just like 73 market bottomed in October of 72 Rallied over 15% to new all time highs and broke out of a 9 year consolidation pattern.
Only this time it is 13 years. Then the bear reared its ugly head after a good correction and 12 % rally to get the bulls all lathered up again then the bottom fell out.
Of course it's different this time.
Ocicbw
Bernie
#3
SemiBizz
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Posted 22 May 2013 - 02:42 PM
Bulls are Trapped like RATS... 
Party On like it's 1999...
Party On like it's 1999...
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
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
SemiBizz
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Posted 22 May 2013 - 02:49 PM
So you got two bubbleheads there...
One Housing the other Stocks I guess...
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
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
gm_general
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Posted 22 May 2013 - 03:18 PM
It broke out of the 13 year "consolidation" before because my contrarian friend Sal sold all his longs. This is the guy who sold all longs at the 9/21/01 bottom. He just bought a smallish long today and you see his power!
#7
tommyt
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Posted 22 May 2013 - 03:35 PM
All those weeks of no testing the previous day's lows...
Why look at the discount here...
I keep reading about how stocks are not overvalued....
Where are those dip buyers?
Where's all those "watch the sky" dudes?
The bulls are still having one of the best runs I have ever seen. One day doesnt make the top. There will be plenty to go around for bulls, bears, and rattlesnakes if the trading picks up.
#8
SemiBizz
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Volume Dynamics Specialist
Posted 22 May 2013 - 03:48 PM
Yes, ONE DAY DOES MAKE THE TOP !!
Take a good look at your SPX Daily Chart.
When was the last time the SPX made an all time high and closed MORE THAN 1% UNDER IT?
10/11/2007
03/24/2000
and...
TODAY.
IT IS OVER, unless you think it's going to be DIFFERENT THIS TIME !
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
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
#9
risk_management
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Posted 22 May 2013 - 04:13 PM
Yes, ONE DAY DOES MAKE THE TOP !!
Take a good look at your SPX Daily Chart.
When was the last time the SPX made an all time high and closed MORE THAN 1% UNDER IT?
10/11/2007
03/24/2000
and...
TODAY.
IT IS OVER, unless you think it's going to be DIFFERENT THIS TIME !
Now THAT is a FEARLESS FORECAST! Thank you Sir.
#10
tommyt
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Posted 22 May 2013 - 04:26 PM
Yes, ONE DAY DOES MAKE THE TOP !!
Take a good look at your SPX Daily Chart.
When was the last time the SPX made an all time high and closed MORE THAN 1% UNDER IT?
10/11/2007
03/24/2000
and...
TODAY.
IT IS OVER, unless you think it's going to be DIFFERENT THIS TIME !
I dont argue those points, today was a reversal bar on volume off of an ATH, and Bernanke QE euphoria..I want to see confirmation from other tools, like an important daily TL break. I see important pivots at 1635 and 1600. You know I have been posting this Keltner for a week now, showing how dangerous this time frame is. The Mc Osc/summation looks worse now also.
KC
M Osc
Good trading all.
