Classic ABC Down behavior.
I said the other night in my bullish spring post, that the Bears would need volume at the B point (Previous lows) ... Well, guess what. THEY GOT IT IN SPADES.....
Now here we are making the C point. And it's exactly what we would expect... light volume, holiday level volume in fact.... We're probably going to test 12220 here and give it up. Unless the Philly Fed brings in a HUGER than LIFE buy program, this market is in a lot of trouble here and it's not going away... at least not yet.
And Tomorrow? Tomorrow we're going to have volume. High volume days mean lower prices. Trend is your friend.
Just Where did the Volume Go ???
Started by
SemiBizz
, Mar 15 2007 10:39 AM
1 reply to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 15 March 2007 - 10:39 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
sglasson
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- Traders-Talk User
- 503 posts
Member
Posted 15 March 2007 - 11:01 AM
NCAA's start today, everybody too busy trying to finish their picks
