Doesn't look like it on this chart but IBM edged out the previous year high today at 108.39 just a penny shy of the 108.40 from 3/30/01 monthly high pivot....
Edited by SemiBizz, 05 July 2007 - 06:22 PM.
Bullish Signals Keep Coming
Started by
SemiBizz
, Jul 05 2007 06:14 PM
12 replies to this topic
#1
SemiBizz
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Posted 05 July 2007 - 06:14 PM
http://bigcharts.mar...&mocktick=1.gif
Doesn't look like it on this chart but IBM edged out the previous year high today at 108.39 just a penny shy of the 108.40 from 3/30/01 monthly high pivot....
Doesn't look like it on this chart but IBM edged out the previous year high today at 108.39 just a penny shy of the 108.40 from 3/30/01 monthly high pivot....
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
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
#2
arbman
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Posted 05 July 2007 - 06:29 PM
SOX and SMH charts could also qualify for a cup and handle.
The upside volume out of the handles bottom was pretty strong on SMH...
#3
BigBadBear
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Posted 05 July 2007 - 07:24 PM
Xtrends says we crash tommorow...oh well
#4
A-ha
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Posted 05 July 2007 - 07:40 PM
Xtrends says we crash tommorow...oh well
Huhhh... that is not true.
If anybody is interested, it is out there open public.
http://xtrends.blogspot.com/
Edited by xD&Cox, 05 July 2007 - 07:42 PM.
#5
arbman
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#6
A-ha
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Posted 05 July 2007 - 07:45 PM
A pull back next week, maybe?
I think we will start making cascade lower highs and lower lows for a few weeks with continuing relative strength in junks.
Tomorrow is being the initial top.
#7
arbman
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Posted 05 July 2007 - 07:48 PM
I am bearish, but I ran out of bearish parameters to stop this market, this is just getting insane... 
Today my break out count indicator gave me the LOWEST number since June. If this is the beginning of a rally, I don't know what it takes to decline. It is the most reliable momentum indicator I have, or had... 
Today my break out count indicator gave me the LOWEST number since June. If this is the beginning of a rally, I don't know what it takes to decline. It is the most reliable momentum indicator I have, or had...
#8
A-ha
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Posted 05 July 2007 - 07:51 PM
Bullish percentage indicators almost fully agree with you on your breakout observation
#9
da_cheif
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Posted 05 July 2007 - 10:12 PM
I am bearish, but I ran out of bearish parameters to stop this market, this is just getting insane...
Today my break out count indicator gave me the LOWEST number since June. If this is the beginning of a rally, I don't know what it takes to decline. It is the most reliable momentum indicator I have, or had...
>I am bearish, but I ran out of bearish parameters to stop this market, this is just getting insane... <
THE markets talking....but u aint listening....sigh
#10
arbman
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Posted 05 July 2007 - 11:06 PM
THE markets talking....but u aint listening....sigh
Sure! Give me the crap, all you want, you will not be the only one today...
I went long at the beginning and sold pretty much at the Fed pop the last bits. So, I listened when the breath divergence was there last week at the lows and I did give the spring a chance to bounce, but the coil is pretty much broken here. Perhaps I am underestimating the rally again, but it is hard to buy and hold when the breath is deteriorating everyday and the rally is on pretty much vapor volume, I will probably see what a pull back will do. Perhaps the market has ran out of sellers again...
