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The Bools are Betting this is a False Breakdown...

Started by SemiBizz , Apr 09 2008 10:01 PM

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8 replies to this topic

#1 SemiBizz

Volume Dynamics Specialist

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Posted 09 April 2008 - 10:01 PM

False Breakout... yes. But not a false breakdown on volume.. ain't happening.

http://bigcharts.mar...&mocktick=1.gif

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

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#2 dcengr

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Posted 09 April 2008 - 10:05 PM

Stealth sign of strength?

Posted Image

Qui custodiet ipsos custodes?

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#3 gorydog

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Posted 09 April 2008 - 10:21 PM

False Breakout... yes. But not a false breakdown on volume.. ain't happening.

Whenever the next move is obvious, and unfolds slow enough for everyone to get positioned, especially the first time the setup is there, they ram it the other way to screw us. I favor a quick short covering rally that fails at the old resistance, then goes down through this level fast.

GD

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#4 TradeMark

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Posted 09 April 2008 - 10:48 PM

gory, I think you are on to something there. TM

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#5 SemiBizz

Volume Dynamics Specialist

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23,217 posts

Posted 09 April 2008 - 10:53 PM

OK, circle the magic number on the Nasdaq... 2305. Nothing's going to happen til that is tested at a minimum.

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

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#6 CHAx

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Posted 10 April 2008 - 12:54 AM

I was watching this all day DCEN. INTC was the leader in that SOX rally. I dont have a chart, but SMH and INTC both bounced off the trendline (which is heading up). Just a headsup as a leading indicator, the SOX has been so far this year.

SOX and XLE have generally lead rallies this year (BKX too).

Stealth sign of strength?

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#7 CHAx

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Posted 10 April 2008 - 08:32 AM

[quote name='CHAx' date='Apr 10 2008, 01:54 AM' post='365311']
I was watching this all day DCEN. INTC was the leader in that SOX rally. I dont have a chart, but SMH and INTC both bounced off the trendline (which is heading up). Just a headsup as a leading indicator, the SOX has been so far this year.

SOX and XLE have generally lead rallies this year (BKX too). [quote name='CHAx' date='Apr 10 2008, 01:54 AM' post='365311']

I did not look at the chart closely enough, thought it was a different time frame. I need to get more sleep going forward