http://bigcharts.mar...&mocktick=1.gif
Edited by SemiBizz, 23 July 2007 - 10:05 AM.
Posted 23 July 2007 - 09:58 AM
Edited by SemiBizz, 23 July 2007 - 10:05 AM.
Posted 23 July 2007 - 10:06 AM
Edited by kisacik, 23 July 2007 - 10:06 AM.
Posted 23 July 2007 - 10:15 AM
Edited by SemiBizz, 23 July 2007 - 10:19 AM.
Posted 23 July 2007 - 11:49 AM
Posted 23 July 2007 - 12:17 PM
Posted 23 July 2007 - 08:58 PM
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
Posted 23 July 2007 - 10:14 PM
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
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...