Canary in the Coal Mine
#1
Posted 06 April 2007 - 12:07 PM
Few points...
#1 GS started it's move on 2/22, 5 days ahead of the crash.
#2 On significantly Higher Volume was unable to break the $210 swing high.
#3 Price increases are met with no enthusiasm (light volume)
I think this baby is setting up for another big dive, but I'll let the chart dictate it. We could get a 4-5 day warning again...
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
Posted 06 April 2007 - 12:14 PM
#3
Posted 06 April 2007 - 12:43 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
Posted 06 April 2007 - 12:52 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#5
Posted 06 April 2007 - 01:10 PM
#6
Posted 06 April 2007 - 01:14 PM
Point 3 is a good one. Also, ALWAYS watch the OEX P/C for spikes and the moving average. There has NOT been a single IT correction or tradeable spike down without this indicator flashing an alert. IMHO it's the most important indicator for today. Hopefully it doesn't stop working anytime soon. There's really only been one false signal in the past 5 or so years.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#7
Posted 06 April 2007 - 01:31 PM
#8
Posted 06 April 2007 - 01:31 PM
http://stockcharts.com/c-sc/sc?s=$CPC&p=W&yr=1&mn=0&dy=0&i=p51767383580&r=5975.png
What is it saying now in your view?
Point 3 is a good one. Also, ALWAYS watch the OEX P/C for spikes and the moving average. There has NOT been a single IT correction or tradeable spike down without this indicator flashing an alert. IMHO it's the most important indicator for today. Hopefully it doesn't stop working anytime soon. There's really only been one false signal in the past 5 or so years.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#9
Posted 06 April 2007 - 03:06 PM
Edited by Cirrus, 06 April 2007 - 03:06 PM.
#10
Posted 06 April 2007 - 03:35 PM
http://bigcharts.marketwatch.com/charts/big.chart?symb=gs&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=2&lf3=4&type=4&size=2&state=15&sid=147544&style=320&time=5&freq=1&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=5687&mocktick=1.gif
Few points...
#1 GS started it's move on 2/22, 5 days ahead of the crash.
#2 On significantly Higher Volume was unable to break the $210 swing high.
#3 Price increases are met with no enthusiasm (light volume)
I think this baby is setting up for another big dive, but I'll let the chart dictate it. We could get a 4-5 day warning again...
why GS..even the DOW showed similar behavior 3 days before 2/27