Jump to content



Photo

Targets


  • Please log in to reply
4 replies to this topic

#1 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,027 posts

Posted 05 July 2007 - 10:16 AM

First target ES 152850-ish. That should get hit in a bit. Next traget ES 151700-ish. Without volume it does nothing to change the trend, I'd say. Longer term, I've still got 149900ish as a target but we've got to turn stuff down to be thinking about that level. Mark

Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#2 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 05 July 2007 - 10:43 AM

Posted Image

We are over that last high volume candle on lighter volume... market is going to choke for a minute on it and spit it out. You can see the other high volume candle back in March, low was tested on lighter volume and rejected... this low has already been tested and the trend remains stubbornly UP, which is why I expect a new all time high to be made...
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

#3 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,027 posts

Posted 05 July 2007 - 10:45 AM

I go nuttin that really disagrees. But one thing. The single best ST sell signal there is. But then, that's short-term... Mark

Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#4 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 05 July 2007 - 11:54 AM

Very short time frame...but there is an island up there.....doesn't look impulsive though...unless we have a bunch of 1's and 2's


Posted Image
Click Here to see Full Sized Image

#5 rkd80

rkd80

    Member

  • Traders-Talk User
  • 2,385 posts

Posted 05 July 2007 - 12:07 PM

I see 15700 as a target too, it is the low point connecting the channel that is being formed from the 6/27 lows. A test of should happen by tomorrow if not later today. then there is a good chance of a bounce off it.
“be right and sit tight”