For Greenie (Charts)
#1
Posted 09 March 2007 - 12:22 PM
http://bigcharts.mar...&mocktick=1.gif
http://bigcharts.mar...&mocktick=1.gif
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
Posted 09 March 2007 - 12:44 PM
Upside may last a couple more days on Nasdaq, note how GLD was 2 days in front of it...
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
#3
Posted 09 March 2007 - 12:45 PM
It's the illiquidity, stupid !
#4
Posted 09 March 2007 - 12:58 PM
Edited by hiker, 09 March 2007 - 01:00 PM.
#5
Posted 09 March 2007 - 12:58 PM
Thanks. let me make sure I understand what you are trying to say. 1st chart suggests that GLD and NDX are correlating for last few days with gold may be leading. Second one says that gold is leading down. So, NDX should follow, right?
When you say 'trend-reversal', are you pointing to the ST uptrend of last three days or IT downtrend of last two weeks? I mean, are you saying we go up or down ?
Too early to conclude trend has reversed for the short term. However evidence is building(BREAKS YESTERDAY'S LOW ON STRONG VOLUME). Expecting delay between gold trend reversal and Nasdaq... Staying Flat ready to pounce. Breaking 2382 reverses the sign of strength today on Nasdaq ( NEW HIGH ON VOLUME), I will enter partial QID with tight stop should we do that...
Edited by SemiBizz, 09 March 2007 - 01:01 PM.
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
Posted 09 March 2007 - 01:42 PM
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