I think we figured it out. Everything I read today says the same thing:
WE ARE GOING TO NEW HIGHS ON SPX, BUT THERE IS A SMALL CHANCE OF A SMALL PULL BACK (maybe an hour or a day).
Everything I look at points to the same thing and most opinions I hear point to the same outcome.
I am on board. I will get out of my short position tomorrow (short from 1454.50 June spooz) and go long.
Denleo
We figured it out
Started by
denleo
, Apr 10 2007 08:12 PM
7 replies to this topic
#2
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 10 April 2007 - 08:16 PM
Ships in the night again.... I closed my longs today... 
That IYB Chart I posted earlier implies "close out longs" on the pass of the Upper BB, and "Sell" when it crosses the upper BB again going south.
That IYB Chart I posted earlier implies "close out longs" on the pass of the Upper BB, and "Sell" when it crosses the upper BB again going south.
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
#3
denleo
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- Chartist
- 3,097 posts
Member
Posted 10 April 2007 - 08:28 PM
Hey Semi,
Fib (who is in charge of market breadth) says we are going up
Mark (who is in charge of sentiment) says we are going up
Airdale (who is in charge of cycles) says we are going up
Da_Chief (who is in charge of everything) says we are going up
If I am wrong, I will blame them 
Denleo
Denleo
#4
SemiBizz
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Volume Dynamics Specialist
Posted 10 April 2007 - 08:58 PM
That's not what the volume is saying though is it? There's the problem. Going up on light volume is great, I forecasted it and I traded it, but what do you do when volume comes? And we're going to get it.
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
#5
Rogerdodger
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- TT Member*
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- 26,877 posts
Member
Posted 10 April 2007 - 09:24 PM
I think we figured it out. Everything I read today says the same thing:
WE ARE GOING TO NEW HIGHS ON SPX, BUT THERE IS A SMALL CHANCE OF A SMALL PULL BACK (maybe an hour or a day).
Everything I look at points to the same thing and most opinions I hear point to the same outcome.
I am on board. I will get out of my short position tomorrow (short from 1454.50 June spooz) and go long.
Denleo
I think I see your tongue in your cheek.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#7
OEXCHAOS
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- Admin
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Mark S. Young
Posted 11 April 2007 - 08:21 AM
Actually, sentiment says we are going somewhere, and maybe everywhere. 
Seriously, very mixed stuff. I am getting a heads up from the options that something may be about to happen, but it's not at all clear what.
Mark
Seriously, very mixed stuff. I am getting a heads up from the options that something may be about to happen, but it's not at all clear what.
Mark
Mark S Young
Wall Street Sentiment
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#8
arbman
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- Traders-Talk User
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Quant
Posted 11 April 2007 - 08:40 AM
You have to ask yourself whether the operators are looking to do this again?
Look at the last summer lows for example...
manipulating the money supply
Look at the last summer lows for example...
manipulating the money supply
