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Expected SCORCH


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#1 SemiBizz

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Posted 27 June 2007 - 11:43 AM

I hope they didn't trap anyone....



Posted Image
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#2 thespookyone

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Posted 27 June 2007 - 11:48 AM

Having fought greed before. I exited with a fair profit this morning-this scorch could get pretty hot, Naz wise. I still hold my 6 cent quarterly Q calls from when I jumped in the box-would love to see the Q's get slammed up. Spooky

#3 selecto

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Posted 27 June 2007 - 11:54 AM

Yup. Gone also. Not good for bears. Cubes can't tag lower BB or even lower rising trendline, and no where near a rumble with support.

Edited by selecto, 27 June 2007 - 11:55 AM.


#4 SemiBizz

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Posted 27 June 2007 - 11:59 AM

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

We're back in harmony now, but as you can see, the SOXX gives you a clear signal when to cover and when to go short. We'll see the chips turn down while the QQQQ's continue northbound... That's when I will get short,that's probably going to be next month. In the meantime.. I am going fishing.
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

#5 skott

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Posted 27 June 2007 - 12:15 PM

scorch??

#6 Drano

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Posted 27 June 2007 - 12:22 PM

scorch??

Skott, it's pronounced "Skorch." Hope that helps.

:lol:

They mean whooshing to upside, burning bears in its path.

#7 NAV

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Posted 27 June 2007 - 12:33 PM

A scorch has never happened, whenever that term has been used on this board as a post title. Now that you have used it, you have ruined any chances of it happening :D

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#8 SemiBizz

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Posted 27 June 2007 - 12:55 PM

How does 2611 grab you? As you can see we tested lower on lighter volume, that set up a bullish spring.. Now it's time to test that last high volume high. AND as long as the SOXX holds up here so will the Nasdaq. So avoid the headfakes, put up a R/T Nasdaq and SOX comparison and you won't be faked out.



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

Edited by SemiBizz, 27 June 2007 - 12:57 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

#9 NAV

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Posted 27 June 2007 - 12:57 PM

How does 2611 grab you? As you can see we tested lower on lighter volume, that set up a bullish spring.. Now it's time to test that last high volume high.



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


Sounds good B)

"It's not the knowing that is difficult, but the doing"

 

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#10 SemiBizz

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Posted 27 June 2007 - 01:14 PM

Posted Image



How bout a little shock n awe to go wid dat?
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