http://bigcharts.mar...&mocktick=1.gif
We had close to 750K traded in first 15 min yesterday... it looks to be shy of it today...
I have ABC up here to 97.50
If volume stays light, may be a good reversal point.
USO - Bearish Upthrust/Short Squeeze...
Started by
SemiBizz
, May 06 2008 08:38 AM
14 replies to this topic
#1
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 06 May 2008 - 08:38 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
#2
SemiBizz
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Volume Dynamics Specialist
Posted 06 May 2008 - 08:42 AM
Rut Roh...
Bearish Upthrust Cancelled by Strong Volume 15 min...
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
jdjimenez
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Posted 06 May 2008 - 08:51 AM
I wouldn't even think of shorting this, and I don't mind shorting obviously. You must be thinking very quick in & out.
JDJ
#4
SemiBizz
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Volume Dynamics Specialist
Posted 06 May 2008 - 08:55 AM
I look for 2 ingredients.
A Bearish Upthrust is only a stealth sign of weakness. That's the first thing
The second thing is CONFIRMED weakness... that happens when candle lows are broken on VOLUME.
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
#5
jdjimenez
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Member
Posted 06 May 2008 - 09:00 AM
I know that you're sharp but as I said before this you guys are leaps & bounds ahead of me with this day stuff. 
I'm old and move slower. 
Good luck!
JDJ
I'm old and move slower.
Good luck!
JDJ
#6
SemiBizz
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Volume Dynamics Specialist
Posted 06 May 2008 - 09:05 AM
I know that you're sharp but as I said before this you guys are leaps & bounds ahead of me with this day stuff.
I'm old and move slower.
Good luck!
JDJ
This isn't about Age... I might be older than you...
BTW, today's volume about the same as yesterday... not shortable just yet.
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
SemiBizz
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Volume Dynamics Specialist
Posted 06 May 2008 - 09:35 AM
Looks similar to yesterday... They are jamming it right up the short's wazoos here. If they get it up there and hold it again like they did yesterday, the crude contract could be up 5 bucks tomorrow on short covering....
Edited by SemiBizz, 06 May 2008 - 09:36 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
#8
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 06 May 2008 - 10:38 AM
Hmmmm... Crude is at ABC Up target of 122.XX
If we should extend here... .25 takes us to 126 area. .382 127-128.
We better start pulling back soon if you are short.
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
Cirrus
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Posted 06 May 2008 - 11:44 AM
Is anyone else on this board looking to buy dips in oil and oil stocks or perhaps even looking to buy BO's? So many outstanding traders here have tried to short CL or the petro stocks the past year. Amazing IMO.....
#10
SemiBizz
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Volume Dynamics Specialist
Posted 06 May 2008 - 11:48 AM
Tough to buy dips on something that goes up 100%+ in a year. I just have to be sure and not be tempted to short it...
Something is going to give here, there's no personal income growth that is going to support all the inflation that results from this oil rally.
So, you just have to be patient. Something will give here, you just don't know 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
