Nasdaq broke down on volume today. Since April tends to be a trending month, it's a reasonable expectation to see more than one day down. Today's candle on Nasdaq and the past 3 days look very close to the 3 that preceded the gap down crash at the end of February... http://bigcharts.mar...&mocktick=1.gif
Added to QID today.
Started by
SemiBizz
, Apr 11 2007 08:35 PM
3 replies to this topic
#1
Posted 11 April 2007 - 08:35 PM
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
Posted 11 April 2007 - 08:41 PM
Nasdaq broke down on volume today. Since April tends to be a trending month, it's a reasonable expectation to see more than one day down. Today's candle on Nasdaq and the past 3 days look very close to the 3 that preceded the gap down crash at the end of February... http://bigcharts.mar...&mocktick=1.gif
Agree, looking for continuation of downtrend through CPI numbers next week. Looking for more of a slow bleed with sudden bursts of energy.
#3
Posted 11 April 2007 - 08:46 PM
Since you are a hawk... this is the prize that a hawk should watch like a hawk... This chart says we're going lower and it's the canary in the Holland Tunnel... You know under the river, after you've already been down town.... I think it's singing to us here.
http://bigcharts.mar...ktick=1.gif.gif
http://bigcharts.mar...ktick=1.gif.gif
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
#4
Posted 11 April 2007 - 10:41 PM
Next stop 54 (QID) ...
"Daytrading -- An Extreme Sport !"