When the move up is here.
Started by
oextrader
, Mar 27 2008 08:51 PM
7 replies to this topic
#1
oextrader
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Posted 27 March 2008 - 08:51 PM
Do not be surprised by the move up as the lower weekly indicator is almost at zero. The question is will it start next week?
Rick
#2
The End
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Posted 27 March 2008 - 08:54 PM
What does that Fisher Transform represent?
Tanks
NONE of what I type should be taken as financial advice.
#4
The End
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Posted 27 March 2008 - 09:16 PM
where is it on a daily (spx)?
NONE of what I type should be taken as financial advice.
#5
oextrader
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Posted 27 March 2008 - 09:25 PM
where is it on a daily (spx)?
I am sorry I do not have daily work space for the spx with that indicator, as the program can be resource intensive, but I have it on a OEX chart, and it looks to be about midrange, not oversold area or overbought.
Rick
#6
SemiBizz
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Posted 27 March 2008 - 09:59 PM
Hehehe... well Rick you've been trading long enough to have a "feel" for a market. Now, to me, even though the volume is light... it feels HEAVY. I believe one of two conditions are operative here... either the funds are saving up for the "last gasp" of the quarter/month end, or they are "gasping for breath".
That's all fundamentals.... there is no strength in the market, all the bullishness is speculative on divergent sentiment... that does not make a market...
My hunch is we're about to have another high volume panic low like we had in January... I am only trying to figure out WHEN...
That's all fundamentals.... there is no strength in the market, all the bullishness is speculative on divergent sentiment... that does not make a market...
My hunch is we're about to have another high volume panic low like we had in January... I am only trying to figure out WHEN...
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
oextrader
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Posted 27 March 2008 - 11:50 PM
Hey,Hehehe... well Rick you've been trading long enough to have a "feel" for a market. Now, to me, even though the volume is light... it feels HEAVY. I believe one of two conditions are operative here... either the funds are saving up for the "last gasp" of the quarter/month end, or they are "gasping for breath".
That's all fundamentals.... there is no strength in the market, all the bullishness is speculative on divergent sentiment... that does not make a market...
My hunch is we're about to have another high volume panic low like we had in January... I am only trying to figure out WHEN...
I hear exactly what you are saying, the scary part is if it is a sloppy W bottom they are trying to put on the weekly.
Buying the close on Friday may be a plan, but I would like to see 300 points on the downside first, but I have feeling they may not give it to us.
Rick
#8
rigelpug
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Posted 28 March 2008 - 03:35 AM
Hehehe... well Rick you've been trading long enough to have a "feel" for a market. Now, to me, even though the volume is light... it feels HEAVY. I believe one of two conditions are operative here... either the funds are saving up for the "last gasp" of the quarter/month end, or they are "gasping for breath".
That's all fundamentals.... there is no strength in the market, all the bullishness is speculative on divergent sentiment... that does not make a market...
My hunch is we're about to have another high volume panic low like we had in January... I am only trying to figure out WHEN...
I suspect that we are going to retest the double bottle and a lot of people are going to get bloody hands trying to catch a falling knife.
