yep, 9/30.
I don't use trade signals from the QQQQ BTW, just check against my primary signals on Nasdaq.
Major Support there is 9/17, dramatically lower
http://bigcharts.mar...&mocktick=1.gif
DOUBLE DOJI STARS
Started by
TechMan
, Nov 06 2010 06:59 PM
14 replies to this topic
#11
SemiBizz
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Volume Dynamics Specialist
Posted 06 November 2010 - 09:07 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
#12
andr99
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Posted 07 November 2010 - 05:08 AM
tech you are correctly interpreting the big move coming................a big red candle for tomorrow is my bet. Anyone here is focused on the trillions printed by the bald rocket scientist and forget that the april's top was marked by fears coming from europe.
forever and only a V-E-N-E-T-K-E-N - langbard
#13
opinionated
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Posted 07 November 2010 - 07:06 AM
The fed, and put buyers are fueling this rally. When that stops we will get the sell off, one stops we get a minor correction. 1-2 percent. thats all we can trade for I think. personally looking for a gap fill at most next week 1097 es and 52.40 q's will short on any low volume pop monday/tuesday for that move. will flip long at gap fill for a run towards 1240-1260.
Major moves, tren reversals come from a shock/very bad news from somewhere. If your lucky enough to be short,... then your in business. Other wise you'll get chewed up on the grind higher.
JMO
Edited by opinionated, 07 November 2010 - 07:07 AM.
#14
andr99
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Posted 07 November 2010 - 08:58 AM
when everyone sings in chorus...........bullish exactly, maybe it's time to get out of longs and get short. From www.yelnick.typepad.com
''How should contrarians play this? Turns out the net bullish sentiment (bulls less bears) is at its highest of the whole Hope Rally - indeed a three year high (ie since the 2007 top). Futures traders are 94% bullish, the highest since January 2007. How much upside is there when bullish sentiment is higher than at all prior tops, including the all-time high in 2007?
My take: continue to watch the Dollar. It broke below the three-year support level yesterday, but has come back above. The bullish case in stocks is based on a bearish Dollar. A Dollar bottom reverses all the recent trends driven by belief in QE and the Bernanke Put. If it remains above it may have put in the bottom.''
forever and only a V-E-N-E-T-K-E-N - langbard
#15
TechMan
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Posted 07 November 2010 - 02:30 PM
tech you are correctly interpreting the big move coming................a big red candle for tomorrow is my bet.
With 569 & 492 NYSE new highs over the past 2 days, that would be a likely scenario. However, I'm also contemplating the possibility of yet another Doji Star just to make it even more intriguing with a Triple Doji.
Anyway, I'll post my New Highs Charts in a few moments...
Edited by TechMan, 07 November 2010 - 02:31 PM.
