Edited by SemiBizz, 14 August 2007 - 10:09 AM.
Volume Sucks here on the way down..
Started by
SemiBizz
, Aug 14 2007 10:05 AM
7 replies to this topic
#1
SemiBizz
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Volume Dynamics Specialist
Posted 14 August 2007 - 10:05 AM
Those lows tested... 13041 DJIA 2491 Nasdaq. Not particularly bearish - except for the guy that thinks low volume rallies are bullish...
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
traderpaul
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Posted 14 August 2007 - 10:20 AM
Disagree, Low volume= no panic....Low volume=little short covering and little buying......Look at the charts all IT down trends ends with massive volume (March this year)Those lows tested... 13041 DJIA 2491 Nasdaq. Not particularly bearish - except for the guy that thinks low volume rallies are bullish...
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#3
SemiBizz
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Volume Dynamics Specialist
Posted 14 August 2007 - 10:34 AM
Don't look now, but you are being setup. The Options Market Makers have this in hand here and are setting themselves up for a Pig Run Payday Friday... That CNBC story was a plant. And they have already started denying it... Federal operations normal per ex-broker in treasury dept.
Disagree, Low volume= no panic....Low volume=little short covering and little buying......Look at the charts all IT down trends ends with massive volume (March this year)Those lows tested... 13041 DJIA 2491 Nasdaq. Not particularly bearish - except for the guy that thinks low volume rallies are bullish...
Now look at it again, what happened when those high volume lows you are talking about were tested 3/14 on lighter volume ? We haven't seen those prices since...
http://bigcharts.mar...&mocktick=1.gif
Edited by SemiBizz, 14 August 2007 - 10:38 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
#4
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 14 August 2007 - 11:37 AM
Lowest Volume day in a month... Bears about to be trapped in the CNBC Dumpster....
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
relax
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Posted 14 August 2007 - 02:48 PM
Haha Semi great picture! ;-)
thanks for the updates
#6
SemiBizz
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Volume Dynamics Specialist
Posted 14 August 2007 - 03:11 PM
No test of the low on lighter volume today... that leaves room for a test on heavy volume tomorrow... 
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
sglasson
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Posted 14 August 2007 - 05:39 PM
what's your definition of a test? thanksNo test of the low on lighter volume today... that leaves room for a test on heavy volume tomorrow...
#8
SemiBizz
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Volume Dynamics Specialist
Posted 14 August 2007 - 05:41 PM
On lighter volume it must test the high or low in question. On heavier volume, it is considered a test even if it doesn't break the high or low...today was lighter volume.
Edited by SemiBizz, 14 August 2007 - 05:43 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
