Edited by SemiBizz, 20 March 2008 - 08:37 AM.
Happy Easter !! Will the market ...
Started by
SemiBizz
, Mar 20 2008 08:33 AM
32 replies to this topic
#1
SemiBizz
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Posted 20 March 2008 - 08:33 AM
Today the bias is up based on the lighter volume penetration of the lows on the 65 and daily yesterday.
Now we just had a big volume dump on the open(2220) so that is going to act as either support or resistance.
Here's my call:
Support 2191, 2164.
Resistance 2230, 2251
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
OEXCHAOS
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Mark S. Young
Posted 20 March 2008 - 08:37 AM
eh, Semi, that brown egg?
Not an egg! 
The volume tell was bullish for the overnight and we told folks who could watch to buy weakness. It played out nicely. Today, I'll be watching for volume on the VST rallies. That should be the tell.
Logic says that they take them down today. So, if they don't that's telling, too.
Mark
The volume tell was bullish for the overnight and we told folks who could watch to buy weakness. It played out nicely. Today, I'll be watching for volume on the VST rallies. That should be the tell.
Logic says that they take them down today. So, if they don't that's telling, too.
Mark
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#3
SemiBizz
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Posted 20 March 2008 - 08:39 AM
Logic? We don't need no stinkin' logic... 
Start using logic and you'll find yourself being an investor...
Start using logic and you'll find yourself being an investor...
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
isaac613
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Posted 20 March 2008 - 08:46 AM
Hey Semi,
What are you looking to sell your qid for. Just curious. Thanks
#5
SemiBizz
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Posted 20 March 2008 - 08:47 AM
Dumped in afterhours last nite for 54.40.
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
isaac613
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Posted 20 March 2008 - 08:51 AM
Thats odd if you think we are testing 2191. That will make qid at least 55.5.
#7
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Mark S. Young
Posted 20 March 2008 - 08:52 AM
If you know what everyone is expecting, then you know what to fade.
Mark
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#8
SemiBizz
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Posted 20 March 2008 - 08:57 AM
Thats odd if you think we are testing 2191. That will make qid at least 55.5.
No, that's just a support number, we got under yesterday's low here we can bounce off it. If the volume holds up that sets up a test of today's low down the line... Main thing to watch here if you are short is that 2230, because once it gets a foothold, it's been acting like an elevator shaft to 2266 both up and down.
2220 is where all the volume is, so we should bounce in and out of that until this gets resolved. As said above, bias is up today based on what happened yesterday.
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
#9
chris3403
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Posted 20 March 2008 - 08:58 AM
They opened GE on 13,680,000 at 36.74 up $1.15 now at 36.84 and hopefully climbing. current volume slightly above 23,000,000 1st hour volume on its record volume day was around 33,000,000Dumped in afterhours last nite for 54.40.
gl/gt
chris
#10
SemiBizz
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Posted 20 March 2008 - 09:05 AM
So, see how important that 2230 is? Yesterday, going down, I told you we would have a good bounce off it, and it ended up being 15 pts, now let's see what kind of decline we get on this bounce back down, that will be a tell on strength/weakness.
Edited by SemiBizz, 20 March 2008 - 09:07 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
