Check your stuff...
That looks like the target
1274
Hey Blu - Are you around?
Started by
SemiBizz
, Feb 23 2011 11:32 AM
2 replies to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 23 February 2011 - 11:32 AM
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
SilentOne
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- Traders-Talk User
- 3,452 posts
Member
Posted 23 February 2011 - 12:17 PM
Check your stuff...
That looks like the target
1274
Semi, There are two gaps on the SPX. 1286-88 (also the 50 dma is around here) then down near 1260 ... The first fills before Friday, don't know about the second as a 5 week low is due imminently for a bounce.
cheers,
john
Edited by SilentOne, 23 February 2011 - 12:19 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
blustar
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- Traders-Talk User
- 6,574 posts
blustar
Posted 23 February 2011 - 12:30 PM
hCheck your stuff...
That looks like the target
1274
The e-wave pattern suggests one more quick wave up first before the top is in. Originally, I thought this side of the pattern, the 'z' side of a B wave bullish irregular flat would take us to just below 1302. We just hit 1300. I believe this is a false break here and we rally up strongly one more time. The 8 day can shorten to 4 days, I've seen it before, so 1350 by Fri? B waves are known as channel breakers, now C and it could happen fast!
