The Nasdaq House of Mirrors and Illusions..(part deux)
#1
Posted 30 July 2007 - 09:36 AM
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
#2
Posted 30 July 2007 - 09:47 AM
#3
Posted 30 July 2007 - 10:03 AM
"... Can we agree that the key is the light volume[?]..."
Disagree. Volume considerations are unreliable. Disregard volume, and you'll make more $$$.
#4
Posted 30 July 2007 - 10:22 AM
Thansk for sharing semi
Can we agree that the key is the light volume...seems like we getting all the big moves down on high volume
if the trend is turning, shouldn't we get moves down on light volume
Here's the situation on the daily... we have 6 red candles in succession, the last time we had 5 red candles in succession was in October of 2005. With respect to the local zone, I think you have to expect at least one green candle one day soon. Overall, the volume should lighten up for summer trading, dog days of August etc. That is precisely how this all started last year... on light volume.
So I think the answer to your question is probably yes, we'd expect to go lower on light volume now under trend change, but looking at how deep we have gone here you have to expect a bounce...that does not mean we do not turn around and continue lower on lighter volume...
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
Posted 30 July 2007 - 10:33 AM
#6
Posted 30 July 2007 - 10:41 AM
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
#9
Posted 30 July 2007 - 12:22 PM
#10
Posted 30 July 2007 - 12:28 PM
F&P charts are support and resistance and no more....When an index breaks support, it is bullish or bearish?Price projections in point & figure seldom work out
i do not think one can label anything as bearish or bullish without seeing the strength or lack of in a move going against the "trend" of the past week
I have seen the projection on some flying stocks within pennies of the projection.....Just like anything else in this market nothing works 100%.....Nothing.....