If we can't get under 1545 and hold it...
Those SPX Highs are gonna be tested
Started by
SemiBizz
, Mar 22 2013 09:49 AM
33 replies to this topic
#1
SemiBizz
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Volume Dynamics Specialist
Posted 22 March 2013 - 09:49 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
tommyt
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Posted 22 March 2013 - 10:29 AM
If we can't get under 1545 and hold it...
The end of a big up quarter will also help that cause as they mark em...especially the INDU.
#3
ogm
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Posted 22 March 2013 - 10:40 AM
Maybe. Maybe not.
If they can fix the Cyprus on Monday then we'll probably pop to those highs. Will be the ultimate blow off.
But the rest of the market looks like crap. Look at smallcaps today. They are just about red, and barely breathing. Its all large caps and the DOW.
#4
SemiBizz
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Volume Dynamics Specialist
Posted 22 March 2013 - 10:40 AM
Hi TommyT, been awhile, good to see your posting...
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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- Traders-Talk User
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Volume Dynamics Specialist
Posted 22 March 2013 - 10:41 AM
Maybe. Maybe not.
If they can fix the Cyprus on Monday then we'll probably pop to those highs. Will be the ultimate blow off.
But the rest of the market looks like crap. Look at smallcaps today. They are just about red, and barely breathing. Its all large caps and the DOW.
We need to get the VIX out in front like we had on Tuesday...
Then Volume... we might see it next week...
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
tommyt
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Posted 22 March 2013 - 11:01 AM
Hi TommyT, been awhile, good to see your posting...
Thanks Semi...try to post around bigger swing points now.
#7
PrintFaster
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Posted 22 March 2013 - 11:07 AM
Some of the scariest charts for Nasdaq bears:
Consumer stocks still leading the charge to higher highs.
[attachment=20541:cake0322.png]
[attachment=20542:mu0322.png]
[attachment=20543:odfl0322.png]
#8
iloli way
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iloli = I'm Laws Of Line's I(eye)
Posted 22 March 2013 - 11:14 AM
As long as those lines (or breath) can hold, boy can enjoy the view.If we can't get under 1545 and hold it...
enjoy more if breaks and still holdng breath...
20130322083958.png)
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#9
melonseed
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Posted 22 March 2013 - 11:19 AM
The market is barely rallying. It's the Usd is devaluating. I say this is all there is, at least for today.
Edited by melonseed, 22 March 2013 - 11:21 AM.
Trade safe.
#10
ogm
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Posted 22 March 2013 - 11:21 AM
Some of the scariest charts for Nasdaq bears:
Consumer stocks still leading the charge to higher highs.
Irrelevant. They will be all anihilated in time.
MU was so overshorted it simply had to pop. Let me know when they actually start making profit on their products, then I'll be interested.
