I'm just not getting good volume set ups and confirmation...in either direction. Sentiment is mixed and not much help either.
Mark
Frustrating
Started by
OEXCHAOS
, Feb 03 2009 11:33 AM
9 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 03 February 2009 - 11:33 AM
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#2
zman
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Posted 03 February 2009 - 11:36 AM
yep this sucks...small scalps so far...hopefully resolves sonner rather than later
Education is the best defense against the media.
#3
tommyt
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Posted 03 February 2009 - 12:01 PM
yep this sucks...small scalps so far...hopefully resolves sonner rather than later
maybe no big move till gov news on bailout next week?
#4
SemiBizz
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Posted 03 February 2009 - 12:56 PM
There are other tools that give great indications...
Hint: Look at $BKX behavior today.
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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Volume Dynamics Specialist
Posted 03 February 2009 - 12:59 PM
More hints: GE, BAC preferred issues. SOX and XAU lagging.
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
HoseB
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Posted 03 February 2009 - 01:48 PM
Likely on hold until Friday's jobs number...
40,000 headmen couldn't make me change my mind....
#7
mogreen
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Posted 03 February 2009 - 02:11 PM
We have lift-off....I'm bullish
#8
Cirrus
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Posted 03 February 2009 - 02:59 PM
More hints: GE, BAC preferred issues. SOX and XAU lagging.
Semi...we think so much alike. I've been tracking preferreds, banks and XAU for a tell, also. I probably don't pay near the attention to the SOX though...I watch the DJUSEN/OSX/XLE instead.
#9
dlf
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Posted 03 February 2009 - 03:46 PM
I'm just not getting good volume set ups and confirmation...in either direction. Sentiment is mixed and not much help either.
Mark
Mark I would not be confused on what many think. Only what you think! Sorry again if I overstep my bounds!
T&A will not work in this market. I have used it for a very long time. This all goes back on what we think we know, but will not happen.
T&A only works in normal markets, not markets never seen before. Sorry to jest with you, I just don't think many get it. I have friends that get it and for very long. Send me a PM, I will explain. Before you reply I am not smarter than you or anyone else here. DL
The best investments are frequently the ones you did not make! To make a really good investment, which will in time appreciate by 100 times or more, is like finding a needle in a haystack. Most "hot tips" and "must buy" or "great opportunities" turn out to be disasters. Thus, only make very few investment decisions, which you have carefully analyzed and thought about in terms of risk and potential reward. Marc Faber
#10
OEXCHAOS
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Mark S. Young
Posted 03 February 2009 - 04:35 PM
I'm actually thinking that TA works BETTER in abnormal markets, like this.
It has been money until just a couple days ago, actually.
Really. The TA has worked very well. That's probably why my favorite stuff isn't, because someone is exploiting it away.
Mark
Mark S Young
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