6 replies to this topic

[SemiBizz]

I believe we had what DiNapoli calls... a "double repo". From Tuesday to Friday(7/17-20) those 4 candles. Friday the 13th was the problem, we moved up to a higher level than a reasonable bettor would have pegged. In those 4 days da boyz positions were squared on the very symmetric up and down action, I think the truth is they had a hard time getting the retracement and cannot hold this thing down...



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

Edited by SemiBizz, 23 July 2007 - 10:05 AM.

[arbman]

As much as I share your excitement, this intraday megaphone pattern might be now becoming a diamond pattern with the soaring option speculation...

Edited by kisacik, 23 July 2007 - 10:06 AM.

[SemiBizz]

There's the first high volume pin...(50.13) should see another one soon. Each one is a support or resistance intraday pivot.



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

Look at your intraday charts, we're not getting much retracement off these moves now.. the sideways cause builds, the computer pattern recognition kicks that in and a buy program is generated...

Edited by SemiBizz, 23 July 2007 - 10:19 AM.

[SemiBizz]

I think we'll see that next big QQQQ volume spike in the next 90 min (12:50 ET presently).

[SemiBizz]

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



This might be a little intraday bear bait.. on the builders. There was volume at the low on this one that should be tested... make no mistake though, these things are fully-distributed, a major support on the $HGX got smoked and it appears to me they will be going lower... I could be wrong and this is the buy of the century, but that's not what the $HGX daily says.

[spielchekr]

I believe we had what DiNapoli calls... a "double repo". From Tuesday to Friday(7/17-20) those 4 candles. Friday the 13th was the problem, we moved up to a higher level than a reasonable bettor would have pegged. In those 4 days da boyz positions were squared on the very symmetric up and down action, I think the truth is they had a hard time getting the retracement and cannot hold this thing down...



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

I noticed the last time you brought up the double repo signal, there were some Hindenburg signals coupled with it (April 2006). That old post has a live chart showing the current status, so here's a facsimile of the way that chart would have appeared after the subsequent decline...

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



I also Googled the DiNapoli double repo and found a couple of other folks on chat boards back then who were recognizing a symbiosis between these these two concurrent signals. What are your thoughts about this? And here's today's H'burg signal. BTW, thanks for all the great insights you bring.

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=1&dy=20&i=p23599009046&a=104666396&r=2569.png

[SemiBizz]

Thank you Spiel for the compliment... most appreciated.

Now just so there is no confusion... I interpreted the signal a year ago in April as a sell signal as I wrote:

Looking at the price rejection on 4/7, against the "take the high by pennies" and the price rejection between yesterday and today's action... The swing low from 4/7 was taken on 15% more volume today... This looks like a classic DiNapoli "Double Repo" sell signal I have seen outlined

This time situation was pretty much the opposite:

Posted this weekend:

Factor #1 - With blowout volume and a gap down yesterday we missed testing the Wednesday's lows.. could not break it. (Stealth Sign of Strength)

When these things magically turn up cents above the swing lows that would have been broken on volume I am always suspicious...