6 replies to this topic

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



All we need is 173.16 - Volume of reference 25M - 173.15 high(5/21), today's projected volume 13M

[OEXCHAOS]

Atilla's been a bear on this one for a while, and he keeps probing. I think his last short made him money, too. He's looking for a big decline in the OIH here. M

[SemiBizz]

This ABC UP on the OIH is huge( long a to b intraday 7.16)... and as you can see there's VOLUME with it. So we may be overrunning that 173 here, the chart implies a test of today's low - keep in mind a .382 retracement takes us to 169.77. $7 bucks up from there(c to d) takes us into the stratosphere. The bar is set pretty high for volume now at the B point (todays high), so we'll have to take a look at it on a retest....Again, I'm looking for price rejection at the top across all types of equities.



http://bigcharts.mar...&mocktick=1.gif

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



So far this move is a quality move on the intraday chart although it is light volume on the daily. We're seeing a pullback on lighter volume after a high was made on strong volume, if volume stays light a test of the low will set up a bullish spring....
3 min chart trend UP per 5 successive green candle counts twice. it has a chance to turn down here (4 red)

Edited by SemiBizz, 31 May 2007 - 10:55 AM.

[SemiBizz]

167.98 = .618R 168.82=.50R Today's low retested as expected.

[SemiBizz]

Volume lightened up at the lows... Looking for a retest of today's highest volume 3 min candle approximating the .50 of today's move off the highs.... 170.49.

Edited by SemiBizz, 31 May 2007 - 01:03 PM.

[SemiBizz]

170.49 tested... high volume doji just printed on 3 min. Usually an indication we're going higher, less reliable on intraday than on daily charts...

Edited by SemiBizz, 31 May 2007 - 01:41 PM.