Lots of Resilient Bearishness
Started by
OEXCHAOS
, Feb 20 2007 09:22 AM
22 replies to this topic
#21
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 20 February 2007 - 01:16 PM
2 new signals...of weakness
3 min Nasdaq turned down over lunch.
Nasdaq failed to make a high in the countertrend window.
Overall though the main signals are still bullish on the failure to test the lows on higher volume and the new high on volume on the daily... That would be negated by a turnaround and close under 2475. Closing under 2468 would be an even stronger reversal signal... We're a long, long way from that here.
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
#22
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 20 February 2007 - 02:31 PM
Nasdaq 3 min had 3 chances to turn back up and didn't... Volume slackening to new projected 2.3B.
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
#23
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 20 February 2007 - 03:04 PM
New high in afternoon countertrend window, usually means a new high in final 45 minutes of trade. Volume consistent with bearish upthrust now on daily projected at 2.2 - 2.3B.
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
