and officially we are in a "Bear market" according to my system. The weekly momentum indicators have made lower lows relative to Aug lows. The only way that can be intrepreted as bullish is, if it's a reverse divergence setup. For the reverse divergence setup to work we need to hold the Aug lows and rally sharply. Break of Aug lows even by a tick and the bull is dead ! We should know the answer in a few days.
Another 20 points down...
Started by
NAV
, Jan 08 2008 04:29 PM
3 replies to this topic
#2
relax
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Posted 08 January 2008 - 04:34 PM
not sure if it really matters but there is a divergence with USD/JPY, which has not made a lower low compared to the nov low
#3
SemiBizz
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Volume Dynamics Specialist
Posted 08 January 2008 - 04:37 PM
Yup, we on same page, 1370 is August untested volume spike SPX low.
Edited by SemiBizz, 08 January 2008 - 04:38 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
#4
TMN
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Posted 08 January 2008 - 06:14 PM
enough to fill a full week or two
