SOX WATCH
#1
Posted 06 July 2007 - 10:48 AM
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
Posted 06 July 2007 - 11:03 AM
Might want to let this thing cool off and show some weakness before diving in short... The SOXX is holding the breakout and tacking more on..
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 06 July 2007 - 11:08 AM
#4
Posted 06 July 2007 - 11:13 AM
Shorting requires volatility - period !. Right now there isn't any. So either wait or play the long side. I am not excited about either bull or bear side at this point. Just scalping away....
Yep, and as long as folks stay unexcited about getting long we're just going to go higher and higher...
Too many BOLD shorters out there, the market is going to EAT THEM UP !! This is a full-scale BEAR HUNT !!
this is prolly a couple of da cheif's goons here....
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
Posted 06 July 2007 - 11:40 AM
But I'm not on the "no top" in sight commitee.
13 ES points today.....and a few NQ's...only to stress not having to be swing long or short.....so give me 1600 or 1500 ES....don't care.
Today has been a very easy day for scalps if you can do it.
Nav...I answered your question below....todays scalping has been all done off a 5 min 2500V chart....
http://stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=2&mn=6&dy=0&i=p35648463139&a=80213443&r=1621.png
Edited by Teaparty, 06 July 2007 - 11:41 AM.
#6
Posted 06 July 2007 - 11:53 AM
Nav...I answered your question below....todays scalping has been all done off a 5 min 2500V chart....
I did see that. Thanks.
The reason i asked was that 6 points drop on ES after the news spike was just one single 5-min bar. So i thought maybe you were scalping off of the tick charts or 1-min charts.
#7
Posted 06 July 2007 - 11:55 AM
SemiShorting requires volatility - period !. Right now there isn't any. So either wait or play the long side. I am not excited about either bull or bear side at this point. Just scalping away....
Yep, and as long as folks stay unexcited about getting long we're just going to go higher and higher...
Too many BOLD shorters out there, the market is going to EAT THEM UP !! This is a full-scale BEAR HUNT !!
this is prolly a couple of da cheif's goons here....
You are waaaaaaaay too funny. My belly is hurting.
Best to you.
johngeorge
#8
Posted 06 July 2007 - 12:03 PM
#9
Posted 06 July 2007 - 12:11 PM
Nav..sorry.....I don't know why I said it was a 5 min 2500V...just a 2500V chart (brain fart)...so every bar is 2500 lots traded....so from the 8.28am high at 1539.50 to the 1532.50 low at 8:34 for example....I had 11 bars.
Now i understand.