http://bigcharts.mar...&mocktick=1.gif
Not too long ago, I recall a line posted on one of the chat boards..."How come as a bear, I get minutes to cover (V Bottom), but the bulls have ALL DAY LONG to sell?" As you can see from the chart above, you don't have much time to sell your longs, if the target hits you better be out quick, but NOW you have ALL DAY LONG to cover.... It's the inverted-V top (^). We're going to be seeing a lot of them...
So What Has Changed?
Started by
SemiBizz
, Aug 04 2007 11:18 AM
1 reply to this topic
#1
Posted 04 August 2007 - 11:18 AM
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
#2
Posted 04 August 2007 - 12:52 PM
Hi SB,
Based on both fundamentals and technicals, specialty retailers look like good short-and-hold bets here.
RTH just starting to dive, and could swiftly be in the mid-80's.
Some names Im looking to short on a "B" bounce: GES, WSM, BBBY, COH, KSS, CPK.
Consumer discretionary spending is sooo over ...
Edited by beta, 04 August 2007 - 12:53 PM.
"Daytrading -- An Extreme Sport !"