15 replies to this topic

[SemiBizz]

Semi-how about that negative divergence between the soxx and QQQQ's today? And for the most part, so far there has been no shortage of volume on the drops.

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



Actually, we tested the high of the last day of volume today at 2612 and gave it up. Let's face it we went up 64 pts off yesterday's low without much of a consolidation. I think that's the best way to interpret this. I suspect the way we held on to 2587-92 yesterday that we could zip in there quick on light volume to prove the same point we proved yesterday at 2560.. namely only LIGHT volume selling pressure. And if they can't bust them down then they are going to push them higher...



64 pts from a consolidation at that 2587-92 level would take us to a new high, and that is probably in the cards... So good luck if you plan on shorting it. I'm not. I'm going fishing instead...

[SemiBizz]

A little dab goes a long, long way... To da moon, even to da shooting stars.... We are over yesterday's highs now on improved VOLUME....

Edited by SemiBizz, 29 June 2007 - 09:05 AM.

[bigtrader]

They do like to be tested.

[SemiBizz]

That irrelevant SOXX turned down here... Can't mean anything for Nasdaq.. pay no attention to it. Probably just some more bears jumping on that shooting star test... If we pullback now it's probably just to 2592 close to .50 and then 66 more tacked on from there.

Edited by SemiBizz, 29 June 2007 - 09:16 AM.

[swanstkdh]

Is that like the wizard of OZ. Pay no attention to the man behind the curtain. The whole wizard thing is just a fraud but we dont want anyone to know about THAT

[SemiBizz]

The Wiz just put in another intraday high here... While the Nasdaq fumbled... but pay no attention to this blatant manipulation...