NASDAQ 2891
SOX 641
As the chat on the board fades into fundamental blah blah. I don't have a bear or bull case ax to grind, this is derived from pure technical speculation based on volume history...
Look Out for a Parablowoff....
Started by
SemiBizz
, May 07 2007 11:42 AM
1 reply to this topic
#1
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 07 May 2007 - 11:42 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
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 07 May 2007 - 12:02 PM
http://bigcharts.mar...&mocktick=1.gif
NASDAQ WEEKLY LONG ABC UP
A - 2012.
..........................519 points
B - 2531
...........................200 points (.382)
C - 2331
...........................519 points
D - 2850 (target)
Well, here's another way to look at it. You can see the long climb to the high, and then a 3 week correction approximating .382(clearly corrective). The high volume weekly low now acts as support. (2359),
NASDAQ WEEKLY LONG ABC UP
A - 2012.
..........................519 points
B - 2531
...........................200 points (.382)
C - 2331
...........................519 points
D - 2850 (target)
Well, here's another way to look at it. You can see the long climb to the high, and then a 3 week correction approximating .382(clearly corrective). The high volume weekly low now acts as support. (2359),
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
