The OEX P/C is too low. This pig is going to squirt higher. The late strength is a tell too.
How much, I leave to your discretion, though there are probably some volume targets above.
Mark
Heading Higher
Started by
OEXCHAOS
, Jul 11 2007 06:40 PM
4 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 11 July 2007 - 06:40 PM
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#2
SemiBizz
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Volume Dynamics Specialist
Posted 11 July 2007 - 06:44 PM
2662.55 is the immediate target for Nasdaq, that should be tested on lighter volume tomorrow and we'll either give it up or continue the bearish upthrust... This chart does sorta have an end of February look about it ...
Edited by SemiBizz, 11 July 2007 - 06:53 PM.
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
#3
arbman
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Quant
Posted 11 July 2007 - 06:47 PM
I think it is a complete short clean up job...
It may squeeze some 10-20 points in the next few sessions...
NDX is still leading up...
ERIC did not budge after they missed, I think it will plunge maybe mid or late next week, very funny market...
#4
SemiBizz
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Volume Dynamics Specialist
Posted 11 July 2007 - 07:06 PM
This one has the February look to it as well...It's probably going to test that big volume spike under $200 low.
Edited by SemiBizz, 11 July 2007 - 07:08 PM.
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
#5
redfoliage2
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Posted 11 July 2007 - 10:23 PM
I will add to shorts if it bounces up another 10 points.I think it is a complete short clean up job...
It may squeeze some 10-20 points in the next few sessions...
NDX is still leading up...
ERIC did not budge after they missed, I think it will plunge maybe mid or late next week, very funny market...
Edited by redfoliage2, 11 July 2007 - 10:24 PM.
