Bullish Harami Pattern
low reliability, requires confirmation...
http://www.americanb...p...=NASD&TYP=S
Chart School:
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QQQQ Candlesticks; Bullish Reversal Pattern
Started by
borland
, Jul 30 2007 08:40 PM
3 replies to this topic
#1
Posted 30 July 2007 - 08:40 PM
#2
Posted 30 July 2007 - 09:13 PM
The bull should also like two lower volume retests of what looks like a climatic selling day.
http://stockcharts.c...2013&r=4642.png
http://stockcharts.c...2013&r=4642.png
#3
Posted 30 July 2007 - 10:06 PM
Problem is there are six sticks down now on Nasdaq, with one green... while I believe and forecast higher prices, the volume is unconvincing... until proved otherwise, the "bullish" aspect of this is only technical and without a VOLUME confirmation, just a gentlemen's agreement between sellers.. until someone panics, and when one panics they all will...
Oh, just one more thing... for volume reasons, Nasdaq as well as NDX 100 take precedence in my work. When the two signals deviate, the rule of thumb is the signal of the underlying index, not the derivative(QQQQ). It is obviously for volume reasons... the volume of the indices dwarf the volume of the QQQQ...
Edited by SemiBizz, 30 July 2007 - 10:10 PM.
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
#4
Posted 30 July 2007 - 10:19 PM
So looking at the chart.. could that 49.50 get retested on lighter volume, it is probably likely...
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