If we see new lows here, we'll see the DJIA going out under 13000 today, prolly 2-300 pts under it. If Nasdaq makes a new low we'll see 2425-50.
We are in very deep $hit. They better hold the line here or it's going to be a very ugly weekend...
Next 30 minutes is critical..
Started by
SemiBizz
, Aug 10 2007 01:48 PM
15 replies to this topic
#1
SemiBizz
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Posted 10 August 2007 - 01:48 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
BigBadBear
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Posted 10 August 2007 - 01:53 PM
looks that way to me too ala last friday
#3
rkd80
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Posted 10 August 2007 - 01:54 PM
If we see new lows here, we'll see the DJIA going out under 13000 today, prolly 2-300 pts under it. If Nasdaq makes a new low we'll see 2425-50.
We are in very deep $hit. They better hold the line here or it's going to be a very ugly weekend...
would you say the opposite holds true? would that be bullish?
“be right and sit tight”
#4
BigBadBear
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Posted 10 August 2007 - 01:55 PM
here we go..hold on
#5
SemiBizz
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Posted 10 August 2007 - 01:55 PM
If we make new highs in this window, that would be completely bullish... a strong reversal.
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
BigBadBear
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Posted 10 August 2007 - 01:57 PM
the last hour should be brutal imo, using the ASX as my roadmap <13000 is on the books today
#7
hiker
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Posted 10 August 2007 - 01:58 PM
interesting that SPY 144.10 intraday is retested exactly at da chief's 2:55 time slot for the 65 minute increments he says da boyz use.
long again from there.
#8
BigBadBear
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Posted 10 August 2007 - 02:02 PM
like i said is gona be brutal........straight down.
THE SELLING pressure is relentless
Edited by BigBadBear, 10 August 2007 - 02:03 PM.
#9
ed rader
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Posted 10 August 2007 - 02:03 PM
the queen bull mother -- AJ cohen -- will be on CNBC later today. that should put in the bottom 
.
ed rader
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ed rader
#10
hiker
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Posted 10 August 2007 - 02:24 PM
will not be surprised to see SPX close above 1447 horizontal, and maybe above the 200day ema near 1450, tho' that may be a stretch.
it could be said today's action is an orderly consolidation near major horizontal support.
I see no panic reflected in the intraday price action. the panic appears to be self-inflicted based on reactions to news
Edited by hiker, 10 August 2007 - 02:28 PM.
