I don't think I've ever seen a normally fairly volatile sector wound up this tight in daily and weekly time frames.
http://stockcharts.com/c-sc/sc?s=$SOX&p=W&b=5&g=0&i=p49786325046&a=103934592&r=4.png
http://stockcharts.com/c-sc/sc?s=$SOX&p=D&b=5&g=0&i=p74341000997&a=103934545&r=120.png
Wound Up Tight
Started by
Cirrus
, Apr 17 2007 11:09 AM
4 replies to this topic
#1
Posted 17 April 2007 - 11:09 AM
#2
Posted 17 April 2007 - 11:22 AM
#3
Posted 17 April 2007 - 11:37 AM
Commented on $SOX - SMH 7yr down TL and 7 mo Trading range
After the big gain making a huge up-wave in 1999-2000, it is making 7yr consolidation period.
Since the Jul 2006 bottom call, it traded up about 3 months, then it is consolidating for 4 months.
Good trades
http://www.investors...age_id=18779684
http://www.stockcharts.com/c-sc/sc?s=$SOX&p=M&yr=10&mn=11&dy=0&i=p22616739083&a=80631671&r=966.png
http://www.stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=9&dy=0&i=p93451941454&a=71270540&r=427.png
http://www.stockchar...98557&r=872.png
Market Timing ... Trend-Signals.com
#4
Posted 17 April 2007 - 11:40 AM
STAND BACK!
INTC reports tonight.
I post this as a curiosity only because I've found that "max-pain" does not predict.
But both INTC and QQQQ are about 1 point above max-pain.
INTC reports tonight.
I post this as a curiosity only because I've found that "max-pain" does not predict.
But both INTC and QQQQ are about 1 point above max-pain.
"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'.
#5
Posted 17 April 2007 - 12:03 PM
I can't hold her, Captain -- she's gonna blow!