Edited by SemiBizz, 19 September 2008 - 01:23 PM.
All the King's Horses and All the King's Men
Started by
SemiBizz
, Sep 19 2008 01:22 PM
9 replies to this topic
#1
SemiBizz
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Posted 19 September 2008 - 01:22 PM
The volume says the lows from yesterday will be tested... I'd guess it either comes in just a few days or they hold it together until the elections. Next good support after this one breaks ... 1087 (see chart)
Desperate times with the government taking desperate measures, but setting that aside... technicals say we still have not seen THE low for this move...
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
relax
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Posted 19 September 2008 - 01:28 PM
what about if the month closes higher and we get a green candle for september
or are you also looking at hourly volume
#3
SemiBizz
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Posted 19 September 2008 - 01:41 PM
It will not matter, monthly candle trend is negative... highly unlikely. It will take 5 consecutive months of green candles to turn that back up. If we don't break the channel line to the downside, which under these volume conditions has strong probability (unless the market closes for the rest of September a la 911), then we'll be back down to that level in Nov/Dec timeframe.
I could believe a bounce into the elections... but not much further...
SPX hourly implies test of 1166 in a consolidation...
That should happen pretty quick.
Edited by SemiBizz, 19 September 2008 - 01:45 PM.
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
#4
SemiBizz
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Posted 19 September 2008 - 02:07 PM
One more thing and then I better shut up...
If this market DOES Crash, it was a designer crash.
Excuse me, but the guys running this deal are not stupid, no matter 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
#5
SemiBizz
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Posted 19 September 2008 - 02:18 PM
THERE IS NOTHING BUT HOT AIR BETWEEN HERE AND 1211...
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
#6
SemiBizz
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Posted 19 September 2008 - 02:27 PM
SPX CANDLE TRENDS HAVE TURNED DOWN IN ALL TIMEFRAMES....
THATs 3, 5,10,15,30,60, Daily Weekly and Monthly
THATs 3, 5,10,15,30,60, Daily Weekly and Monthly
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
relax
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Posted 19 September 2008 - 02:31 PM
agree hot air, but how long will that air last
back in august 2007 the hot air lasted 56 days before a top was made
the volume and general tehnical backdrop is different than back in august, but seems like we could close the gap soon or wait until after the elections (for a december bottom)
today's action doesn't really give much of a clue, guess we have to wait to next week
#8
trioderob
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Posted 19 September 2008 - 02:32 PM
semi-
I can see where the volume work could map out the ST
But how can you use it to predict what will happen in DEC given the
elections and dramatically changing fundimental picture ?
not trying to be a wise {bleeeep} - just trying to understand
#9
Data
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Posted 19 September 2008 - 03:14 PM
It looks like the market is consolidating after the 3-bar major reversal pattern candlestick (April-May-June). It came reasonably close to the 1070 target this week though.
#10
SemiBizz
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Posted 19 September 2008 - 06:40 PM
semi-
I can see where the volume work could map out the ST
But how can you use it to predict what will happen in DEC given the
elections and dramatically changing fundimental picture ?
not trying to be a wise {bleeeep} - just trying to understand
Trend lines...
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
