Just waiting for FED minutes to launch the market much higher. I will be buying before the minutes. This was a needed pause after several up days.
Denleo
This decline is over
Started by
denleo
, Apr 11 2007 10:52 AM
4 replies to this topic
#2
SemiBizz
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Volume Dynamics Specialist
Posted 11 April 2007 - 11:01 AM
Although overall daily can be construed as corrective on Nasdaq, some important points were made this morning. Hourly Nasdaq breaks on volume. Bearish upthrust on daily resolving into lower low on more volume. It's not all roses. Bottom line, a close 2470 or under is inside the crash candles. The bulls want to pull us back to the flat line just under 2480. Pretty easily defined. Low risk entries with tight stops on either side of 2470.
Oh and if the bulls can take it back into a new high here and close it there on volume, correction is history for now.
http://bigcharts.mar...&mocktick=1.gif
Oh and if the bulls can take it back into a new high here and close it there on volume, correction is history for now.
http://bigcharts.mar...&mocktick=1.gif
Edited by SemiBizz, 11 April 2007 - 11:10 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
#3
OEXCHAOS
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Mark S. Young
Posted 11 April 2007 - 11:32 AM
You're probably right, but I'll be watching the options.
Mark S Young
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#4
GOOSE2
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Member
Posted 11 April 2007 - 12:12 PM
ES 1448.50 bullish above, bearish below
I'm long from 1449.25.......stop 1448.25
Target 1453
and out for a smooth 3.75 p
see y'all later
I'm long from 1449.25.......stop 1448.25
Target 1453
ES 1448.50 bullish above, bearish below
I'm long from 1449.25.......stop 1448.25
Target 1453
and out for a smooth 3.75 p
see y'all later
#5
hedgehawk
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- Traders-Talk User
- 1,022 posts
Member
Posted 11 April 2007 - 09:02 PM
Just waiting for FED minutes to launch the market much higher. I will be buying before the minutes. This was a needed pause after several up days.
Denleo
Dont play the event, play the market.
