A couple weeks back at the lows somebody laughed and scoffed at the idea of the SOXX being any kind of forward indicator that a rally might be in the cards... you ready to fade this signal now?
Edited by SemiBizz, 11 July 2007 - 10:14 AM.
Watch that SOX Divergence
Started by
SemiBizz
, Jul 11 2007 10:09 AM
11 replies to this topic
#1
SemiBizz
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Posted 11 July 2007 - 10:09 AM
http://bigcharts.mar...&mocktick=1.gif
A couple weeks back at the lows somebody laughed and scoffed at the idea of the SOXX being any kind of forward indicator that a rally might be in the cards... you ready to fade this signal now?
A couple weeks back at the lows somebody laughed and scoffed at the idea of the SOXX being any kind of forward indicator that a rally might be in the cards... you ready to fade this signal now?
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
da_cheif
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Posted 11 July 2007 - 10:13 AM
http://bigcharts.marketwatch.com/charts/big.chart?symb=soxx&compidx=aaaaa:0&comp=nasdaq&ma=0&maval=9&uf=0&lf=65536&lf2=2&lf3=4&type=4&size=2&state=15&sid=11520&style=320&time=1&freq=6&nosettings=1&rand=255&mocktick=1.gif
SOX.....comon....thats been outaa synch with the dow for years......people been using it as worry beads forever......
#3
SemiBizz
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Posted 11 July 2007 - 10:21 AM
Easy Cheif.. I didn't say the bull was dead, I said he was bleedin... I still have my cycle turn not due til end of week... look at the positive case, the SOX made a new high, if it is a forward indicator, Nasdaq will follow it and make another new high, even if the SOX stagnates... There are always bullish and bearish aspects in the market.
BTW Looking at the 3 min Nasdaq chart, the boyz put a pin under things at 11:09... That low will probably hold for awhile... 2644.15
BTW Looking at the 3 min Nasdaq chart, the boyz put a pin under things at 11:09... That low will probably hold for awhile... 2644.15
Edited by SemiBizz, 11 July 2007 - 10:24 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
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
#4
da_cheif
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Posted 11 July 2007 - 10:25 AM
Easy Cheif.. I didn't say the bull was dead, I said he was bleedin... I still have my cycle turn not due til end of week... look at the positive case, the SOX made a new high, if it is a forward indicator, Nasdaq will follow it and make another new high, even if the SOX stagnates... There are always bullish and bearish aspects in the market.
>There are always bullish and bearish aspects in the market.<........NOT....only bullish....the mupt just steps up once in awhile
#5
SemiBizz
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Posted 11 July 2007 - 10:44 AM
there is something ugly going on in semiconductorland... not just the SOX, but the QQQQ is starting to diverge...
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
#6
thespookyone
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Posted 11 July 2007 - 10:54 AM
there is something ugly going on in semiconductorland... not just the SOX, but the QQQQ is starting to diverge...
OEX puts seem to be getting heavily bought, as well. HMMM
#7
arbman
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Posted 11 July 2007 - 11:07 AM
As GOOG, AAPL, INTC fades off, MSFT, ORCL and CSCO are taking the leadership. If there will be a down day tomorrow or Friday, it will be because of a pull back (or sell off) in the first 3. I actually do not particularly like the long term chart of the MSFT, but it might be able to turn around or trade around its current levels for a while...
Edited by kisacik, 11 July 2007 - 11:11 AM.
#8
thespookyone
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Posted 11 July 2007 - 11:07 AM
meant to say index puts, overall
#9
SemiBizz
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Posted 11 July 2007 - 11:11 AM
http://bigcharts.mar...&mocktick=1.gif
Selling the news that MRVL can actually produce financial statements...
Selling the news that MRVL can actually produce financial statements...
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
#10
espresso
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Posted 11 July 2007 - 12:14 PM
As GOOG, AAPL, INTC fades off, MSFT, ORCL and CSCO are taking the leadership. If there will be a down day tomorrow or Friday, it will be because of a pull back (or sell off) in the first 3. I actually do not particularly like the long term chart of the MSFT, but it might be able to turn around or trade around its current levels for a while...
What you don't like in a weekly cup & handle (Msft)?! If i'm right this will be last time it shows 29...
Aapl is not good out there, neither Rimm.
Goog msft intc csco can lead this out, maybe even amd!
jmho
Edited by Espresso, 11 July 2007 - 12:15 PM.
Spesi FF
