Just Buy SMH - It is a no brainer
#1
Posted 16 May 2007 - 08:55 AM
The relative weakness in the broader SOX Index shows you the indiscriminate, brainless buying going on in SMH... Now today the SOX is in a pickle. As long as 496.50 holds, then 487 is the downside target.
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 16 May 2007 - 08:59 AM
#3
Posted 16 May 2007 - 09:07 AM
#4
Posted 16 May 2007 - 09:12 AM
I sold the NQ at the open, I expect weakness for the day only.
out with pennies, I am just scalping, I guess, the market is turning...
#5
Posted 16 May 2007 - 09:17 AM
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
#6
Posted 16 May 2007 - 10:38 AM
http://bigcharts.marketwatch.com/charts/big.chart?symb=smh&compidx=aaaaa:0&comp=soxx&ma=0&maval=9&uf=0&lf=1&lf2=2&lf3=4&type=4&size=2&state=15&sid=176070&style=320&time=4&freq=1&nosettings=1&rand=1800&mocktick=1.gif
The relative weakness in the broader SOX Index shows you the indiscriminate, brainless buying going on in SMH... Now today the SOX is in a pickle. As long as 496.50 holds, then 487 is the downside target.
Rut Roh, this is starting to look like the 2nd Black Crow here...
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
#7
Posted 16 May 2007 - 11:28 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