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#11 ogm

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Posted 11 July 2007 - 09:32 AM

Are brokerage stocks going to rally too ? Doesn't look like they got the memo.

#12 da_cheif

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Posted 11 July 2007 - 09:35 AM

Are brokerage stocks going to rally too ? Doesn't look like they got the memo.

mer is allready 50c off the days low.......

#13 SemiBizz

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Posted 11 July 2007 - 09:38 AM

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



Bearish evidence mounting... SOX fills downside gap after making the yearly high...
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.

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#14 rkd80

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Posted 11 July 2007 - 09:38 AM

thnx chief. i played the long a little, but i cannot justify a bullish position here and charts are suggesting that 12+ points on the spx is needed on the downside
“be right and sit tight”

#15 ogm

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Posted 11 July 2007 - 09:40 AM

Are brokerage stocks going to rally too ? Doesn't look like they got the memo.

mer is allready 50c off the days low.......


Then somebody better scrape off that BSC of the new lower low in a hurry :). LEH , GS and banks aren't looking that hot either.

#16 traderpaul

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Posted 11 July 2007 - 09:45 AM

snort

One of the simplest sell signal is whenever the major indexes reach a multi-year high.....Don't believe me?.....Just look at a long term chart.....I know, I know it is a hickup.....but very playable.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#17 SemiBizz

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Posted 11 July 2007 - 09:47 AM

Nasdaq 3 min trend just flipped to RED, was green all the way to the lows yesterday... Da boyz are doing just as da cheif says... marking them up in hopes of creating volume...

Edited by SemiBizz, 11 July 2007 - 09:56 AM.

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

#18 SemiBizz

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Posted 11 July 2007 - 10:02 AM

They flipped the 3 minute trend right back to up on vapor volume... if they can do it.. they can do it. :redbull: Signs of weakness are in place. :bear: Leading Indicator for the rally SOX is stubbornly red in the midst of this "the bottom is in" euphoria... :bear:

Edited by SemiBizz, 11 July 2007 - 10:04 AM.

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

#19 Rogerdodger

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Posted 11 July 2007 - 10:03 AM

Lot's of bearishness here so I'll join in.
VIX IS RED!
and QID and SDS
:P

Edited by Rogerdodger, 11 July 2007 - 10:04 AM.


#20 da_cheif

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Posted 11 July 2007 - 10:03 AM

thnx chief. i played the long a little, but i cannot justify a bullish position here and charts are suggesting that 12+ points on the spx is needed on the downside

u shud pay more attention to fib relationships in front of opex.....and of corse hourly momo studies based on the 65 min hour

http://siliconinvest...?msgid=23691119

its all probability.......best of luck in this huge casino..... :P

Edited by da_cheif, 11 July 2007 - 10:04 AM.