6 replies to this topic

[SemiBizz]

<H3 class=post-title>Light Volume this morning.. </H3>



9:55 - If you are looking for the turning point, we want to see the market sky on days like this, not retreat....

11:20 - first resistance pivot hits .... 2711 - let's see what they got. The magic # today is 2721.59

12:10 - Puky action today, we get over the 2711 barely and pullback. The boyz have this thing set to "climb a wall of worry" mode and that is not what we want to see. We want to see catapult the wall on light volume to the target...


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


Step One - XAU Divergence



We'd like to see Nasdaq move ahead to 2721.59 or better and keep the XAU constant or even further southbound. So far, so good....

Edited by SemiBizz, 16 July 2007 - 11:26 AM.

[SemiBizz]

12:35 - Looks like we are going to test 534 on the SOX and that's probably going to open the door to 540 when we break 534... 12:39 - the boyz pulled the DJIA just over the 13982 resistance pivot, and that says 14000 here we come... 12:45 - And as we go higher and higher, the volume goes lower and lower... currently projected at 1.7B on Nasdaq. Disgusting.

Edited by SemiBizz, 16 July 2007 - 11:45 AM.

[SemiBizz]

12:53 - OK, standby for a blowoff, they are going to try and blast this through 14000 - well north of it.. little more shock'n'awe for da bears.... their intention is to convince you we'll never get under it again in your lifetime

[relax]

interesting posts ;-)

often the bond market has answers before other markets - and rates are down to 5.07, which might well indicate some good news the next days

also worth remembering tea party forecast that if we hit 1.560 before 1.532 area then this could be a failure and signal a bigger move down (teaparty - i hope my memory serves you right)

12:53 - OK, standby for a blowoff, they are going to try and blast this through 14000 - well north of it.. little more shock'n'awe for da bears.... their intention is to convince you we'll never get under it again in your lifetime

[SemiBizz]

[swanstkdh]

Keep talkin there Bizz. I love hearing the brain of the market in action.

[SemiBizz]

2:03 - Well, the best indicator we have that this pullback might be da real deal is the XAU now well off it's highs... I'm skeptical. Although the NAS did pullback on more volume here, it's on a bullish spring off the 30 min action on Thursday at 2693.92.

Edited by SemiBizz, 16 July 2007 - 01:10 PM.