maybe this time is different? Nah.....
mm
Been here before....
Started by
maineman
, Aug 09 2007 08:44 PM
6 replies to this topic
#1
maineman
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maineman
Posted 09 August 2007 - 08:44 PM
maybe this time is different? Nah.....
mm
#2
SemiBizz
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Volume Dynamics Specialist
Posted 09 August 2007 - 08:59 PM
all those years were in bull territory, I guess that makes you feel better. And yes, it is different this time, there's a NEW LOW on the top chart.
Edited by SemiBizz, 09 August 2007 - 09:00 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
#3
maineman
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maineman
Posted 09 August 2007 - 09:01 PM
all those years were in bull territory, I guess that makes you feel better. And yes, it is different this time, there's a NEW LOW on the top chart.
I don't "feel" one way or the other. I'm looking at charts. Do you see a "bear" market here? Show us...
mm
#4
selecto
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Posted 09 August 2007 - 09:49 PM
Many internals have been at extremes associated with price lows, but price has not responded, maybe because of credit problems noise. Price will inevitably respond however, maybe with some vengeance, maybe pdq. Nobody should be able to claim surprise.
#5
SemiBizz
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Volume Dynamics Specialist
Posted 09 August 2007 - 09:52 PM
all those years were in bull territory, I guess that makes you feel better. And yes, it is different this time, there's a NEW LOW on the top chart.
I don't "feel" one way or the other. I'm looking at charts. Do you see a "bear" market here? Show us...
mm
I see a downtrend, it's all available in my blog and already posted on TT. I'm not inclined to repeat it.
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
#6
maineman
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maineman
Posted 09 August 2007 - 10:29 PM
I'm not sure you can quantify the depth of the "low" on the NYSI chart as meaningful. I could be wrong about that, though. I've used it successfully for decades by watching the decline and moving in at the extremes. Look at the "new low" in November 2005... that "new low" in the NYSI was followed by over 300 points in the SPX...to the upside.
No need to argue here, btw. As I've said many times here before: the key to trading is knowing your "time frame". I'm simply putting up some charts here for observation. I am NOT posting every one of my many intraday trades, what's the point? But I am sharing my view of the markets, vis a vis the cumulative breadth indicators and the 200 DMA, 55 ex DMA and 10 ex DMA...
We'll likely both be making money tomorrow.... one of us will exploit the greed and the other will exploit the fear 
mm
mm
#7
ogm
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Posted 09 August 2007 - 10:36 PM
What is interesting, is that these all extreme readings are being generated with price actually higher then the prior March low.
I mean we're very oversold and very scared, and yet we're much higher then price low. Positive divergence.
Looks more like an uptrend to me.
Edited by ogm, 09 August 2007 - 10:37 PM.
