GS 180 Degree Gann Return
Started by
SemiBizz
, Apr 14 2010 05:54 PM
2 replies to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 14 April 2010 - 05:54 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
arbman
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- Traders-Talk User
- 19,504 posts
Quant
Posted 14 April 2010 - 06:25 PM
No it will not gap down until the index options expire with these gains, I would think it either sells off a bit on Friday afternoon or early next week... It is almost certain that though now there is a lot of bullish excess in my numbers... Nevertheless, the first 2-3 day sell off will be bought back up to a new high.
#3
tommyt
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- Traders-Talk User
- 5,136 posts
Member
Posted 14 April 2010 - 10:30 PM
Thanks Semi. This setup does not come along too often...big extended run, nice gap up, possible island reversal. An island reversal shows buying exhaustion on one side, then a bunch of fresh new sellers on the other. The volume wasn't huge, there was nice emotion...so we'll see tomorrow. With it being expo and GOOG,BAC,GE earnings coming before Friday, I would bet no, gonna take some wild non earnings news:
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Edited by tommyt, 14 April 2010 - 10:30 PM.
