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Today's light volume Pullback Setting up Bullish Spring


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#1 SemiBizz

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Posted 12 February 2007 - 06:20 PM

http://bigcharts.mar...&mocktick=1.gif



If all you look at is price, today was a horrible day. Volume lightened up considerably. 2438 is the last high volume Low, that's where we expect the turn...
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.

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#2 vitaminm

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Posted 12 February 2007 - 10:16 PM

compq/down 5 days in a row only one time in last six months

http://stockcharts.com/h-sc/ui?s=$COM...id=p65705549387

Edited by vitaminm, 12 February 2007 - 10:20 PM.

vitaminm

#3 SemiBizz

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Posted 12 February 2007 - 10:44 PM

DJIA 5 Day RSI in BUY Territory...



http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=5&g=0&i=t32710215505&r=2260$.png
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

#4 SemiBizz

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Posted 13 February 2007 - 09:54 AM

that 2438 is still out there. We just couldn't get there on that puny effort yesterday.
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

#5 SemiBizz

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Posted 13 February 2007 - 10:41 AM

Well folks we got the bounce I expected off the light volume lows tested in the Nasdaq and the low in the 5 day RSI on the Dow. I'm looking at the Nasdaq here, the reason we bounced was because yesterday's volume was so light at the lows... well, we're lighter than that here by 10% so I expect we're going to test lower now, just when the bulls thought it was time to party...
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