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
Targets
Started by
OEXCHAOS
, Jul 05 2007 10:16 AM
4 replies to this topic
#1
Posted 05 July 2007 - 10:16 AM
Mark S Young
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#2
Posted 05 July 2007 - 10:43 AM
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...
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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
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
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#4
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
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#5
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.
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