We rallied for 4 days since the bottom on Monday's close.
Volume declined every day.
QQQQ closed above the open only once. Most points gained came in overnight session.
We are back to the old tricks: Going Up at Night. Goldman Sucks (I mean US Treasury) is good at this.
I will start playing this game again next week -- buying every close.
Denleo
4 day rally
Started by
denleo
, Mar 09 2007 04:11 PM
3 replies to this topic
#2
greenie
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- Traders-Talk ~
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Member
Posted 09 March 2007 - 04:53 PM
Yes, some of the junk stocks I am short gapped up huge every morning for last four days and then sold off within 3 minutes. Check NDE for example. It is an interesting game being played - maybe by Europeans, for whom our morning was midday or later 
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#3
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 09 March 2007 - 05:12 PM
Sorry Dennis, we're going down on Monday. First degree countertrend finished today. We may gap up but we're going to finish down...
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
#4
raleigh
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- Traders-Talk User
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Posted 09 March 2007 - 06:35 PM
Too many are shorting these days and too many put holders.
