10 replies to this topic

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



The benchmark volume to beat to prove SMH could go lower was 3/14 ... 13.6M. We are only at 4M here. Unless volume pours in out of nowhere we should see much higher prices soon...

[Mr Dev]

Hi Semi, I was wondering if you also use some Min charts for these early morning Volume calcs, as comparing daily volume just after 2 hours into the trading day seems a bit premature. Is there some ratio that you also calculate? thanks for your heads up call, well noted.

[SemiBizz]

Hi Semi,

I was wondering if you also use some Min charts for these early morning Volume calcs, as comparing daily

volume just after 2 hours into the trading day seems a bit premature.


Is there some ratio that you also calculate?

thanks for your heads up call, well noted.

LMAO... I test volume against prices all the way into the day starting with 3 min, 10 min, 15 min, 30, min 60, 90, 120 etc etc etc.



I have an algorithm I use on the daily that self-corrects me every 30 min.right now we're looking like 1.8M on the Nasdaq. If volume comes in, my algorithm takes care of me.

[Mr Dev]

Thanks

Edited by Mr Dev, 28 March 2007 - 12:01 PM.

[Mr Dev]

NDX and SOX close on LOD -1.08 and -1.35% ea.
Tomorrow should be interesting
How was EOD volume?

Edited by Mr Dev, 28 March 2007 - 03:10 PM.

[Mr Dev]

How was EOD volume?

Oh and Volume on this chart above is of no significance, just a coincidence it was even on there when I took the pic.

[SemiBizz]

Volume on the Nasdaq came in a shade above my earlier estimate at just over 1.9B. The SMH came in at 9M, well under the 13.6M benchmark. The way both were left at the close leave room for lower prices in the morning. I took partial profit today on QID because on greater volume was unable to test the 3/26 high 54.03.(stealth sign of weakness). So I'm coming in flat tomorrow with a ratio of 1/1 QID/SMH spread.



Nasdaq chart does have a "3 Black Crow" look to it for the last 2 sessions. I think we're probably going lower now to finish off the "Surge" day test. Hourly support 2411, Daily 2405.



http://bigcharts.mar...&mocktick=1.gif

[Mr Dev]

For folks that like to follow the SOX,
Here is the 5m chart Update, less the volume or spring theory, only a channel and oscillator.

[SemiBizz]

Well, wouldn't surprise me at all to see a little more retracement. But the stealth sign of strength is IN PLAY. Everything else except the SOX tested it's 2007 lows in March...

[SemiBizz]

This is why it wouldn't surprise me to see us go lower... See how they walked this pup down to the cliff, at the end of the last quarter? Then they pushed it over and loaded up on volume for a massive markup... being distributed here at the end of the quarter...?

http://bigcharts.mar...&mocktick=1.gif



I think we could see that in the Semis. That stealth sign of strength in not testing the lows make them very suspect as the next pump and dump.

Edited by SemiBizz, 30 March 2007 - 11:59 AM.