26 replies to this topic

[da_cheif]

all the volume occured in march 09 at the low......going up on light volume is and allways has been very bullish.....

 

http://www.siliconin...?msgid=31082412

[SemiBizz]

Stronger volume is only going to take the market lower, most of the time...

 

At this point they have the trend at their back, continual short squeeze light volume gapped wonder that it is...

 

Market does not know how to sustain any light volume to the downside, this is where you need steady and STRONG, Sustained Volume to break that Trend...

 

And until there is PRICE SEPARATION of MORE THAN 20%... you can expect the volume to lighten up and the price-fixing machine to revitalize...

 

Standards must be set high now to confirm a TREND REVERSAL.

 

Sustained 20% discount from the high, that's a start.

[SemiBizz]

Think that would take a long time eh? 20%?  Take a look at the Nasdaq 2000 crash...

 

16 days...

 

[K Wave]

This board getting awfully bull ISH here....

 

NAZ summation only made it back to zero line on the "Macron Pump", which now looks to be tiring...

 

If it rolls back over right here after Trump delivers his nothing burger.........

 

Using NQ 5550 as my pivot line today....huge air gap below 5550 in 5 min chart now...could see 5490-5500 in a hurry if it gets taken out again....

 

Bulls still have ball as long as it holds above....

[SemiBizz]

A lot can happen in just 16 days in the market...

 

Look at this 16 day nightmare

 

[SemiBizz]

But just watch the volume, no reason to worry until you see that get out of control...

 

Be prepared, because this swiss cheese we're sitting on top of on these daily charts with all the gaps... will collapse rapidly on the way down.

 

All the risk is there, be prepared.

[SemiBizz]

This could extend into the Fall...

 

It all depends on the semiconductors, since the Nasdaq is the lead horse in the pack...

 

And the way I see it, we'll just say roughly SOXX needs to break this 1050 area here to have a path to the old high of 1362...

 

So there's the rocket fuel, and over 1050 it could be a very quick and explosive ride higher...

 

And if it falls under 990 here and holds it, that's going to open up the generational test of 560 again, last seen at the bottom in February last year after that collapse in January 2016, but only for a test, and before that in August 2015 on the China Crash...

 

Nice little benchmark, something to remember.  560 was the high in the SOX for over 10 years after the dotcom crash.

 

 

[da_cheif]

this is the most riskless market in history.....

[K Wave]

well that pop attempt didn't get very far....ugly candle on 15 min chart now....just need 5 min close under 5548 now to seal in the turn....back above 5552, and bulls still have a shot...

Edited by K Wave, 26 April 2017 - 08:51 AM.

[da_cheif]

>and bulls still have a shot.<......  ur kidding :>)    from 666 to 2400    ...wasnt a shot eh