3 replies to this topic

[Mr Dev]

May 24th or 25th or maybe over that weekend, I suspect that we saw some kind of volume capitulation on the DXD and suggested we should know

either way within a month if we take a look back! And of course there were the usual skeptics.

Forgive me I can't find the post.

About 8 trading days later I thought another picture of my DXD chart may warrant a look, and as you can see

price has almost returned to that day and it is on a buy cross,...until it's not!

Edited by Mr Dev, 06 June 2007 - 11:31 AM.

[Russ]

Your previous post:
http://www.traders-t...hl=capitulation

This DXD looks like it is going up more...meaning more spx, dow down, if center bollinger band does not hold it, that would take spx down into the 1490 area.

http://stockcharts.c...1352&r=1470.png

[Mr Dev]

Ah thank you Russ,...yes it looks like my timing on the 1 month speculation was better than my actual volume call which was seriously exceeded on May 24th. 8 days did sound a little to soon ...15 is certainly more like it.

Edited by Mr Dev, 06 June 2007 - 12:15 PM.

[Russ]

You're welcome Mr. Dev , that was a good observation of yours despite some complex objections by one member.