Is the bottle half-empty or half-full ???
Nasdaq Stealth Sign of Strength...
Started by
SemiBizz
, Jul 20 2007 12:26 PM
7 replies to this topic
#1
SemiBizz
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Volume Dynamics Specialist
Posted 20 July 2007 - 12:26 PM
Is the bottle half-empty or half-full ???
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
thespookyone
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Posted 20 July 2007 - 12:28 PM
So far, Semi, this is nothing more than a backtest, imho.
#4
rkd80
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Posted 20 July 2007 - 12:34 PM
I see Nav's possibility too and everyone expects a rally at EOD, that would be OPEX Friday style. However this Friday has been anything but a typical expiration Friday so the anomaly could continue.
I think YM is poised to test its breakout level from last Thursday so if we close DOW -270ish I would not be surprised in the slightest.
“be right and sit tight”
#5
thespookyone
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Posted 20 July 2007 - 12:55 PM
Bought MRVL August 20 calls at .90.
#6
BearItch
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Posted 20 July 2007 - 01:15 PM
"Is the bottle half-empty or half-full ???"
Don't know about the bottle, but the joke for sure is running on empty at this point 
#7
SemiBizz
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Posted 20 July 2007 - 01:28 PM
I guess if you are short the joke is really worn out... still as long as we are in this phase the bottle is quite apropos...
I think in the near future however, the picture may change
I think in the near future however, the picture may change
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
#8
BearItch
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Posted 20 July 2007 - 01:43 PM
I guess if you are short the joke is really worn out... still as long as we are in this phase the bottle is quite apropos...
I think in the near future however, the picture may change
Nope, I find the joke runnig on empty with the NDX looking to close so that the weekly rsi 14 is above 72. And looking back over the past five years an rsi 14 reading around this level that has not been the time to be wildly bullish. In fact, that has marked turning points.
