Sorry... but I did tell you.
NASDAQ AUGUST LOW BROKEN
Started by
SemiBizz
, Jan 16 2008 10:17 AM
7 replies to this topic
#1
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 January 2008 - 10:17 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
Jnavin
-
- TT Member*
-
- 2,126 posts
Member
Posted 16 January 2008 - 10:42 AM
SPY volume, though, is significantly lower than the August lows.
#3
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 January 2008 - 10:45 AM
SPY is a derivative. Derivatives give the highest percentage of false signals.
NAS ABC Down here to 2356
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
Jnavin
-
- TT Member*
-
- 2,126 posts
Member
Posted 16 January 2008 - 10:53 AM
I've got SPY down as a commodity, Semi, but, you know, whatever...
#5
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 January 2008 - 11:08 AM
Doesn't matter. The rule of thumb in volume analysis is ALWAYS to trust the signal that is generated on the HIGHEST volume, period. So that's why equity options, stock futures, derivatives and the like are not worth a darn to me.
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
#6
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 January 2008 - 11:44 AM
So, couple points here, we have volume on 30 min high here and a gap, those are both likely test candidates. (Nasdaq Comp)
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
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 January 2008 - 12:28 PM
This is all operators in action today folks. What they do is pretty simple, they held the futures up for the open and sold into it heavily, they sold the individual equities short on the initial runup, then they covered at the bottom and loaded up. From there, they jam the futures higher, and simultaneously distribute the equities they bought 40 Nasdaq points lower on a short squeeze, then they try and gauge whether they should run it higher into that gap or short at these levels..
Note the time, they started this last jam right on the pit pivot 11:40 timeframe. The move we had to make the lows started right on the first pit pivot at 10:35.
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
#8
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 January 2008 - 03:54 PM
I see gap up and crap tomorrow, rally to test today's Nasdaq high ... topping between 2431-37 before we reverse on the way to new lows by Tuesday.
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
