DANGEROUS DIVERGENCE IN PLAY
#1
Posted 10 September 2010 - 10:28 AM
The SOX is down 5.12 today while the other indices screamed today... What's wrong with this picture?
(3 charts here)
http://tinyurl.com/2dnrjqw
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
Posted 10 September 2010 - 10:41 AM
This could be fall 2007...
The SOX is down 5.12 today while the other indices screamed today... What's wrong with this picture?
(3 charts here)
http://tinyurl.com/2dnrjqw
Don't know..... Have Stop sell protections today on my SSO and QLD positions in case we start to sell off.... I have a bullish bias however....
Barry
#3
Posted 10 September 2010 - 10:45 AM
This could be fall 2007...
The SOX is down 5.12 today while the other indices screamed today... What's wrong with this picture?
(3 charts here)
http://tinyurl.com/2dnrjqw
Don't know..... Have Stop sell protections today on my SSO and QLD positions in case we start to sell off.... I have a bullish bias however....
Barry
guys I don't what is holding this up. It should be falling by now.
Keep Calm and be Long
My opinion on markets, or anything, is a health hazard. Follow or fade at your own risk!
#4
Posted 10 September 2010 - 10:48 AM
#5
Posted 10 September 2010 - 10:51 AM
guys I don't what is holding this up. It should be falling by now.
Just the ZERO, being held up by the US$
And we have El Presidente giving press conference...
Bad form to let it crash while he's giving the sermon...
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
Posted 10 September 2010 - 10:58 AM
doozy of a fall coming your way..brace for it......in few wks we may see SPX950
and this is based on ?
#7
Posted 10 September 2010 - 10:58 AM
What's wrong with this picture?
i understand you've been bearish for sometime now ... and we know that the sox shows the health in certain areas of the tech sector on stocks such as intel
of course the sox weakness has been the case all month and while the sox struggles .. the NDX is up over 100 points along with strong gains in ALL the other majors indexes.
Sept Monthly Gains.
NDX + 6.58 %
RUT + 5.60 %
SPX + 5.49 %
INDU + 4.13 %
these gains are good enough to be considered good on a year! so the major markets have not listened or followed what the sox is doing.
unless one is trading specifically the sox or its stocks, its character does not and has not influenced the DOW SPX NDX or RUT.
for me it's far from a proxy, and more like a lone horseman, and trading like a specific commodity .
Edited by Mr Dev, 10 September 2010 - 11:04 AM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#8
Posted 10 September 2010 - 11:02 AM
doozy of a fall coming your way..brace for it......in few wks we may see SPX950
and this is based on ?
of course, technicals
#9
Posted 10 September 2010 - 11:03 AM
Hardly.
Nope.. there's a leader though... ALTR.
I could get into why, but I will save that for some other time...
http://bigcharts.mar...&mocktick=1.gif
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
#10
Posted 10 September 2010 - 11:04 AM
Edited by Islander, 10 September 2010 - 11:05 AM.