Posted 4/19/07
SOX ABC UP to 496.50,
Pullback to 487 and then we see. LLTC, TXN way overextended here. ABC up complete on pigs INTC and AMAT...
SOX ABC UP Complete
Started by
SemiBizz
, Apr 24 2007 10:40 AM
19 replies to this topic
#1
SemiBizz
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Posted 24 April 2007 - 10:40 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
#2
hiker
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Posted 24 April 2007 - 10:48 AM
Ted Burge covers this subject well, and has a PnF chart for SOX showing the 496 horizontal area...tho' his other SOX charts highlight other horizontals -
http://stockcharts.c...et?obj=ID445101
http://stockcharts.c...et?obj=ID445101
#3
SemiBizz
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Posted 24 April 2007 - 11:36 AM
Well, that's the thing about extensions, they don't come in until they do... SOX could extend all the way to 507 pivot area that would put it in the 1.618 area, good risk/reward for short. I can wait, still need to see that 13000+ print... waiting patiently.
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
hiker
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Posted 24 April 2007 - 11:45 AM
I entered QQQQ short 45.80 and .81 with about 3 cents stop at time of entry.
now the exit will be the tricky part...leave early or stay too long?
QID delayed daily, fyi ( I am playing QQQQ)
now the exit will be the tricky part...leave early or stay too long?
QID delayed daily, fyi ( I am playing QQQQ)
Edited by hiker, 24 April 2007 - 11:50 AM.
#5
SemiBizz
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Posted 24 April 2007 - 11:49 AM
The only question you have to ask yourself is what fuel are they going to use to get 13000. They seem to be doing pretty well with technology (IBM up 4).
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
#6
jmicou
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Posted 24 April 2007 - 11:52 AM
May depend on whether or not 45.73 becomes S or R.I entered QQQQ short 45.80 and .81 with about 3 cents stop at time of entry.
now the exit will be the tricky part...leave early or stay too long?
QID delayed daily, fyi ( I am playing QQQQ)
#7
Cirrus
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Posted 24 April 2007 - 11:55 AM
The SOX looks like it has at least another 5%. It's really wound up tight. If this move is a fakeout it's about over....if not the BO should draw capital and short covering for a week or two.
#8
hiker
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Posted 24 April 2007 - 11:56 AM
connect QQQQ candle tops from 1/16 and 2/22...compare to 45.81 day high so far
Edited by hiker, 24 April 2007 - 11:57 AM.
#9
skott
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Posted 24 April 2007 - 12:00 PM
I think alot of people are thinking 13K for a top. probably goes thru it to 13500. even then maybe no top. And I'm short!
#10
jmicou
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Posted 24 April 2007 - 12:03 PM
connect QQQQ candle tops from 1/16 and 2/22...compare to 45.81 day high so far
Have had that marked on my live chart. If 45.73 becomes a ST consolidation area, given the internal configuration, and if the top TL is taken out, the Qs could get moving. At some point, the market may need a breather, but tech momentum seems to be gaining.
