Edited by relax_dk, 30 July 2007 - 12:36 PM.
The Nasdaq House of Mirrors and Illusions..(part deux)
Started by
SemiBizz
, Jul 30 2007 09:36 AM
12 replies to this topic
#11
relax
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Posted 30 July 2007 - 12:35 PM
exactly
i love using point & figure but those price projections are always tough, as they are with any indicator
but this bounce sure is weak!
again the German DAX led the way, indicating no strength yet
For me DAX is key, the US market is a leading indicator for many markets
DAX will tell when this thing turns - obviously not yet
#12
SemiBizz
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Volume Dynamics Specialist
Posted 30 July 2007 - 01:56 PM
(Blog Update)
14:50 Well they did find some buyers, even if it was the feds 
... Volume projection 2.25B presently. Still tracking toward 2603, some turbulence 2591-94 expected...
... Volume projection 2.25B presently. Still tracking toward 2603, some turbulence 2591-94 expected...
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
#13
qqqqtrdr
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Posted 30 July 2007 - 03:23 PM
We will need at least 4 to 9 days after a bottom is made with known increasing volume noticable volume by the fifth day to confirm a bottom is made. You can't do it on one day with volume or predict how a V-shape bottom will form....
Barry
