Daily projection looks like this is the positive outcome. If they retest last weeks bottom
and shake off some bulls, watch out for this.
I like the clean magnitude spectrum.
107 week
Started by
AChartist
, Aug 24 2008 10:22 AM
2 replies to this topic
#1
AChartist
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- Traders-Talk User
- 5,800 posts
Tim
Posted 24 August 2008 - 10:22 AM
SPX log. Hone in your trading parameters because if this is off one week is more negative.
Daily projection looks like this is the positive outcome. If they retest last weeks bottom
and shake off some bulls, watch out for this.
I like the clean magnitude spectrum.
Daily projection looks like this is the positive outcome. If they retest last weeks bottom
and shake off some bulls, watch out for this.
I like the clean magnitude spectrum.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#2
SemiBizz
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- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 24 August 2008 - 10:49 AM
Judging from the dramatic decline in Volume, there will be no sellers around to stop them... This action is sooo typical for August.
The best part starts at the end of the next week, when everyone thinks the bear market is over...
Short Euphoria, and Buy Armageddon....
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
arbman
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- Traders-Talk User
- 19,504 posts
Quant
Posted 24 August 2008 - 06:38 PM
I think we are in a downtrend and you are getting confused in between the 92-96 wk lows. I wrote my take about the recent cycles here. So, this low is nothing but a harmonics from the 24 wk cycle low that broke below the larger harmonics (92-96wk) bottom in March. So, we are simply stepping down and there is no 107wk cycle low... Just my 2c...
