adding to shorts now... should be top for the day...
SPY 15 MIN TEST OF Tuesday's Vol Spike HIGH, NOW
Started by
TheArchitect
, Mar 20 2008 01:46 PM
9 replies to this topic
#2
AChartist
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Tim
Posted 20 March 2008 - 01:51 PM
You've been nailing it so I I'm not arguing. There are a lot of reasons for them to take it up
( because they can ) and those are some of the best minute waves we've seen.
( because they can ) and those are some of the best minute waves we've seen.
adding to shorts now... should be top for the day...
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#3
TheArchitect
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Posted 20 March 2008 - 02:07 PM
hmmm... OK maybe not... just a bit early... looked like a good setup though... 
#4
arbman
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Quant
Posted 20 March 2008 - 02:19 PM
remove
Edited by arbman, 20 March 2008 - 02:20 PM.
#5
SemiBizz
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Volume Dynamics Specialist
Posted 20 March 2008 - 02:19 PM
Nope, not yet... no harmony... we need to see QQQQ/NDX get there and test those highs...
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
TheArchitect
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Posted 20 March 2008 - 02:37 PM
Nope, not yet... no harmony... we need to see QQQQ/NDX get there and test those highs...
OK... looks like we're cleared to go down now... a point too early... whaaaddeva...
#7
SemiBizz
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Volume Dynamics Specialist
Posted 20 March 2008 - 02:42 PM
Look at the daily chart w/ volume now... we're razor close to taking out the high and the volume... all it takes is one more strong punch into the close... good luck!!
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
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Volume Dynamics Specialist
Posted 20 March 2008 - 02:46 PM
My approach is to wait til Monday, let them tick over on light volume THEN pounce. If you are playing this on an options basis you are also paying a three day premium decay.... 
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
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 20 March 2008 - 03:04 PM
See what they did? Left a 7 ct mystery, evidently missing the volume mark... but that volume runs all the way into afterhours. At this point, you would want to see the volume exceeded based on the 7 ct miss of the high.
I've seen this movie too many times before. Monday's the day to short this pig, it looks like a big gap up is coming from what I see here. I tellya, these guys are GOOOD!!
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
#10
rigelpug
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Member
Posted 20 March 2008 - 04:22 PM
See what they did? Left a 7 ct mystery, evidently missing the volume mark... but that volume runs all the way into afterhours. At this point, you would want to see the volume exceeded based on the 7 ct miss of the high.
I've seen this movie too many times before. Monday's the day to short this pig, it looks like a big gap up is coming from what I see here. I tellya, these guys are GOOOD!!
I agree. The one minute chart looked corrective all day. Now that the market has calmed down, I suspect a retest will start Monday.
