sentiment - breakout
#1
Posted 23 April 2007 - 10:23 AM
Also $SOX is already broken above 7yr down trendline as shown on the $SOX chart below.
The question is whether market will fail the breakout.... NO, I DO NOT THINK SO.
http://www.traders-t...showtopic=69380
#2
Posted 23 April 2007 - 10:49 AM
As I have said all along, high volume always gets tested. While I'm not a hard over bull like you, I do see the case for a 2618 test on Nasdaq, 1/3/01. and a test of the monthly high volume high 2891 of 1/2001.
Frankly I don't understand why the SOX has gone sideways for the past 3 1/2 years, but so be it. It could have something to do with fundamentals ... and there I am an expert, but I never allow fundamentals to taint my technical outlook... but if I did, I would be forecasting a new low on these things, not new highs....
http://bigcharts.mar...&mocktick=1.gif
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
Posted 23 April 2007 - 10:56 AM
Frankly I don't understand why the SOX has gone sideways for the past 3 1/2 years, but so be it. It could have something to do with fundamentals ... and there I am an expert, but I never allow fundamentals to taint my technical outlook...
I never have noticed you before until today.
Now, you are an expert on WHAT? Fundamentals as a fundamental analyst for a big brokerage company?
If you have not noticed, I am also x-CPA with financial background, but I wouldn't claim as an Expert since I do not work for a brokerage company to specialize fundamental analysis of different companies.
With regard to sentiment comment, if you haven't followed my comments, you would not understand what I am referring to. Didn't fully explain on this particular post, but I didn't intent to invite "debate".
Don't have the time to debate with you since I posted that I am traveling and relocating until May.
But I thought that I would reply with a quicky one.
Edited by Trend-Signals, 23 April 2007 - 11:01 AM.
#4
Posted 23 April 2007 - 11:06 AM
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
Posted 23 April 2007 - 11:15 AM
That is too bad, semi has a very good handle on the semi industry (note name), is a very low key poster, and has shared "inside the industry" info with the board often. A broker/analyst could only wish to have that kind of knowledge or contacts...[
I never have noticed you before until today.
klh
klh
#6
Posted 23 April 2007 - 11:41 AM
#7
Posted 23 April 2007 - 11:54 AM
Folks, right or wrong, I am sensing a little "testiness" in some followup posts. Semi can well defend himself and as a gentleman has backed off. It would be nice for all to do the same.
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Thanks, mss
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#8
Posted 23 April 2007 - 12:31 PM
#9
Posted 23 April 2007 - 12:37 PM
Mark S Young
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#10
Posted 23 April 2007 - 01:18 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