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Narrow Range Consolidation today on high volume


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#1 SemiBizz

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Posted 31 May 2007 - 02:49 PM

LROD setup. Possible breakaway gap also.



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

Edited by SemiBizz, 31 May 2007 - 02:58 PM.

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Volume is the only vote that matters... the ultimate sentiment poll.

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#2 relax

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Posted 31 May 2007 - 03:08 PM

LROD setup - could you please explain it - is it bearish? ("hell will break loose")

Thanks!


LROD setup. Possible breakaway gap also.



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



#3 SemiBizz

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Posted 31 May 2007 - 03:10 PM

What's not to like? Closed at a post-crash high on Nasdaq. Makes a new high on higher volume, closes over the previous intraday high? On the SPX, high volume doji setup. We're going higher, even if Asia crashes tonight. SPX did tuck back inside that all important 1532.50 at the close...

Edited by SemiBizz, 31 May 2007 - 03:11 PM.

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

#4 relax

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Posted 31 May 2007 - 03:21 PM

how do you know whether the doji on SPX is bullish? - because it was up during the day? which factors do you look at?


and what makes 1532 important

Thanks

What's not to like? Closed at a post-crash high on Nasdaq. Makes a new high on higher volume, closes over the previous intraday high?

On the SPX, high volume doji setup. We're going higher, even if Asia crashes tonight. SPX did tuck back inside that all important 1532.50 at the close...



#5 SemiBizz

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Posted 31 May 2007 - 03:30 PM

Go back and look at SPX 3/23/00 and 3/24/00. Tim Ord - "Never be short a high volume doji"
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

#6 relax

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Posted 31 May 2007 - 04:04 PM

checked out your site . makes sense now - always learning

interesting about the high volume doji - i assume it has to be doji without a big body/shadow, if the doji had a long shadow downwards and volume was high, I would consider it somewhat bearish, again this could also depend on whether or not it had gapped down

i'll definitely keep an eye on the high volume dojis and see how they work

Go back and look at SPX 3/23/00 and 3/24/00.



Tim Ord - "Never be short a high volume doji"



#7 BigBadBear

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Posted 31 May 2007 - 05:53 PM

Semi, You back ! Glad you didnt leave like you said you would.