Is that all they need?
Expected Support Did Not Hold
Started by
SemiBizz
, Jan 22 2010 12:00 PM
7 replies to this topic
#1
SemiBizz
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Posted 22 January 2010 - 12:00 PM
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
gismeu
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Posted 22 January 2010 - 12:11 PM
Is that all they need?
not sure what you are saying!
So everything broke through support lines except the banks, right?
Thanks, gis
P.S. At what level would be the next support for the SPX? Next week we have Saturn square Pluto!
If you can't buy Happiness, STEAL IT!
#3
SemiBizz
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Posted 22 January 2010 - 12:26 PM
Yes, everything but the $BKX broke expected support today.
Next support for SPX would be round number at 1100...
We have it all mapped out from there for our subscribers.
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
#4
SemiBizz
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Posted 22 January 2010 - 01:11 PM
Boyz are using $BKX to prove their point, if the banks are fine then we should get back to pre-Lehman prices (9/08) 2318 Nasdaq. 1167 SPX.
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
tommyt
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Posted 22 January 2010 - 01:28 PM
Boyz are using $BKX to prove their point, if the banks are fine then we should get back to pre-Lehman prices (9/08) 2318 Nasdaq. 1167 SPX.
I agree it sliced through easily on some things...SPX 1100 is a big figure to test...the VIX has had a big run up in a couple of days and I have decided to take a bunch of the premium risk off the table here near 1100. Sold out 2/3's of my options and want to see how support/any bounce acts early next week. I suffered for 2-3 weeks of the grind, but ended up OK on this so far...its so hard buying options and holding them for any length of time.
#6
SemiBizz
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Posted 22 January 2010 - 01:31 PM
If the $BKX breaks 40, GAME OVER.
I doubt we will see that, unless somebody starts telling the truth...
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
#7
redfoliage2
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Posted 22 January 2010 - 01:53 PM
They just want to put some pressure on the administration to protest the proposed bank policies .........
#8
SemiBizz
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Posted 22 January 2010 - 03:00 PM
Some of us knew early today... posted on our intraday subscriber thread.
9:43am ET
1024X here
9:43am ET
Probably going to be another leg down...
I show 10250 on DJIA likely retest.
SPX a little short of target.
Next good support on Nasdaq prolly 2241-43
We opened the door to lower there with the overrun.
1024X 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
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
