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Nasdaq FF 1/9 Further declines ahead

Started by SemiBizz , Jan 08 2008 08:41 PM

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13 replies to this topic

#1 SemiBizz

Volume Dynamics Specialist

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Posted 08 January 2008 - 08:41 PM

http://bigcharts.mar...2&mocktick=.gif

We are well over 5B in the first 2 days this week, the low was broken on volume, in fact we have a crescendo of volume scenario here, there's only one thing in front of us here to be tested on this EXTREMELY STRONG MOMENTUM, 2386, it is compelling for a test on the daily and weekly chart. Let's leave it there for now

I'd expect some kind of bounce, my resistance levels for that would be
R1 2471
R2 2485
R3 2502

Edited by SemiBizz, 08 January 2008 - 08:48 PM.

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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.

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#2 thespookyone

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Posted 08 January 2008 - 09:06 PM

Great work during this plunge, thx semi! I'm a bit confused watching everyone try and catch "the bottom" for IT play, or "a bottom" for a bounce- in a risk reward sense, to me it doen't figuire. I see NO indication "the bottom" is in. Unlike many I will not speculate that any particular number will magicly stop this market in it's tracks from more decent. Every market is different, patterns and counts are breakable. From what I see, the market has no lack of momentum-just lack of fear.

Edited by thespookyone, 08 January 2008 - 09:06 PM.

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#3 SemiBizz

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Posted 09 January 2008 - 09:24 AM

So, for today, we have resistance on QQQQ at 47.63, and an ABC Down in progress to 45.66.

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.

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#4 SemiBizz

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Posted 09 January 2008 - 09:42 AM

OUT rest of QID on open 45.02.

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

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#5 SemiBizz

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Posted 09 January 2008 - 10:05 AM

Legging into QID next resistance on QQQQ 47.73.... add 48.15

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

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#6 SemiBizz

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Posted 09 January 2008 - 10:48 AM

47.13 on QQQQ must be broken to prove it can go lower... 47.19 current support.

Edited by SemiBizz, 09 January 2008 - 10:51 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

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#7 SemiBizz

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Posted 09 January 2008 - 11:00 AM

OK sports fans, here's what we have... last 3 min vol candle resolution high 47.34, low 47.19. They are going to exercise their "all ties go to the bulls option". We should hit resistance and drop like a rock this time. I still have it at 47.63 BTW... GOOD LUCK BOTTOM PICKERS :lol:

Edited by SemiBizz, 09 January 2008 - 11:01 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

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#8 SemiBizz

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Posted 09 January 2008 - 11:17 AM

My call is 47.64 and seeya... or break 47.13 and seeya. QQQQ

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

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#9 SemiBizz

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Posted 09 January 2008 - 11:40 AM

47.13 tested but only on light volume, today's low unbroken... outlook to retest 47.13 then we see.

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

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#10 SemiBizz

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Posted 09 January 2008 - 12:23 PM

SOXX needs to test that 350 before I entertain ANY bullish thoughts 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