Get ready now, another big broker swindle is coming... they have everyone sold out and short now, so they can invent some "computer" problems and run it to the moon, while Joe Six sits with his freshly acquired puts...
Nothing like "Stable" Markets... Part Deux
Started by
SemiBizz
, Aug 09 2007 12:25 PM
6 replies to this topic
#1
SemiBizz
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Volume Dynamics Specialist
Posted 09 August 2007 - 12:25 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
#2
Curt
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Posted 09 August 2007 - 12:59 PM
Interesting theory!! Perhaps for silly buyers of Aug SPY 130 puts. 
But Nov SPY 130 puts might well be deep in the money by OE. :>
Good luck, curt
But Nov SPY 130 puts might well be deep in the money by OE. :>
Good luck, curt
#3
SemiBizz
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Volume Dynamics Specialist
Posted 09 August 2007 - 01:36 PM
Look where they stopped this slide today folks.. right at the lower recovery channel uptrend line... the intended move to a new high by 8/20 is still intact... at least for a few more minutes.
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
SemiBizz
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Volume Dynamics Specialist
Posted 09 August 2007 - 01:53 PM
And, if we should break the uptrend line we can hit an airpocket all the way down to the top of the doomsday channel... 2521.
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
#5
arbman
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Quant
Posted 09 August 2007 - 02:39 PM
Did you go long right now?!? I am thinking about it too...
RUT did not even break the opening lows...
#6
SemiBizz
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Volume Dynamics Specialist
Posted 09 August 2007 - 03:07 PM
What? Me? Go Long? Are you nuts? 
Seriously though, that close under 2557 fib cluster is ominous. I suspect they will try and spike it tomorrow, then this 2666 area becomes critical, if it doesn't hold then 2500 here we come again...
Seriously though, that close under 2557 fib cluster is ominous. I suspect they will try and spike it tomorrow, then this 2666 area becomes critical, if it doesn't hold then 2500 here we come again...
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
#7
arbman
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Quant
Posted 09 August 2007 - 03:20 PM
After I exited my nice short position prematurely, I did not want to double my mistake by going long, honestly I wanted to, but there was never a good enough momentum turn to warrant it. I exited the shorts because I was afraid of a gap up, not because I had any signal. The market's slow decline spooked many traders and I am sure they kept covering or even buying calls...
I am going home flat tonight, tomorrow is another day.
