From Yahoo:
Today marks the last day of first quarter 2008. Unless stocks make some incredible gains this session, this quarter will mark the largest percent decline for the S&P 500 since 2002.
Why would they waste ammunition?
Started by
rigelpug
, Mar 31 2008 08:56 AM
10 replies to this topic
#2
SemiBizz
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Volume Dynamics Specialist
Posted 31 March 2008 - 09:01 AM
Because they believe they pushed hard into oversold last week and they can run this up on no resistance.
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
#3
rigelpug
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Posted 31 March 2008 - 09:03 AM
Because they believe they pushed hard into oversold last week and they can run this up on no resistance.
good thinking.
#4
pdx5
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I want return OF my money more than return ON my money
Posted 31 March 2008 - 10:33 AM
From Yahoo:
Today marks the last day of first quarter 2008. Unless stocks make some incredible gains this session, this quarter will mark the largest percent decline for the S&P 500 since 2002.
And it feels wonderful to have been fully out of the long side during that entire quarter
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
rigelpug
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Posted 31 March 2008 - 10:57 AM
From Yahoo:
Today marks the last day of first quarter 2008. Unless stocks make some incredible gains this session, this quarter will mark the largest percent decline for the S&P 500 since 2002.
And it feels wonderful to have been fully out of the long side during that entire quarter
I am in awe
#6
SemiBizz
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Posted 31 March 2008 - 11:20 AM
Why would you go long? Who wants to be a trend-fighter? 
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
StillLearnin
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Posted 31 March 2008 - 11:24 AM
Why would you go long? Who wants to be a trend-fighter?
Depends on what time frame you are trading. If you are trading 1 thru 15 min time frames the trend is up.
SL
#8
SemiBizz
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Posted 31 March 2008 - 11:26 AM
Take a look at the 5 min SPX candle trend and tell me what you think...
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
StillLearnin
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Posted 31 March 2008 - 11:32 AM
Take a look at the 5 min SPX candle trend and tell me what you think...
This is all I was saying...
http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=2&i=p49743402790&a=130323815&r=6065.png
#10
SemiBizz
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Posted 31 March 2008 - 11:36 AM
As I mentioned on Mark's thread, candle count can be tricky on light volume days... you sometimes get false signals. I would do nothing in this immediate timeframe unless we get a new low or high.
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
