Bulls have the market going up on light volume again today. Seems to work fine. Low volume short squeeze. 2400 was the small ABC up target today. If this is all the retracement we get off that abc up, then we're looking at FAST UPTREND to one of these numbers:
R1- 2411 (.382)
R2 -2431 (.50)
The Short Squeeze is ON !! Nasdaq.
Started by
SemiBizz
, Mar 08 2007 10:16 AM
2 replies to this topic
#1
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 08 March 2007 - 10:16 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
da_cheif
-
- Traders-Talk User
- 10,963 posts
Member
Posted 08 March 2007 - 10:32 AM
lite volume......typical coming out of a sold out mkt......complete retracement is in the cards....imo
#3
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 08 March 2007 - 10:42 AM
lite volume......typical coming out of a sold out mkt......complete retracement is in the cards....imo
What a surprise you feel that way... NOT......
In the meantime I'm going with the fibs, waypoint to waypoint. I think DiNapoli calls what you refer to as a "repo". I think he developed some indicators to know if you are in one of those, but I don't know what they are... somebody here may have an idea.
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
