Edited by SemiBizz, 25 August 2008 - 07:13 PM.
SPX - A quick look at what's holding this thing up/down...
Started by
SemiBizz
, Aug 25 2008 07:12 PM
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#1
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 25 August 2008 - 07:12 PM
That's the high volume candle high and low...1289.45 and 1272... we'll eventually move out of this range when volume returns...1275 seems to be the dividing pivot intraday....Looking at the chart, if we can't get a close over 1291.XX on light volume at this point to signal we had moved out of this range, then it's a two-step move to retest 1200, with the first support around 1225...
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
