Edited by SemiBizz, 15 August 2007 - 08:57 AM.
Nasdaq - Bullish Spring Setup
Started by
SemiBizz
, Aug 15 2007 08:52 AM
3 replies to this topic
#1
SemiBizz
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Posted 15 August 2007 - 08:52 AM
Sigh of relief bounce... Weak volume at the "B" point of last ABC Down... look for .50 R back to 2531 pivot.
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
SemiBizz
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Volume Dynamics Specialist
Posted 15 August 2007 - 09:15 AM
And the thing to watch now if they are successful in engineering a recovery rally today will be that 2571-75 area because that is one of the points this can fail along with the 2531. Bottom line is that if there is no quality of volume going higher we're going to be right back to testing 2491 again... The interval is 80 pts, so if for example 2514 is all we get, you can expect 2434.
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
SemiBizz
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Volume Dynamics Specialist
Posted 15 August 2007 - 02:10 PM
looks like 2520 was the C point, we had volume at B of 2491-88 here.. 2440 tgt. Bullish spring failed at .382.
Edited by SemiBizz, 15 August 2007 - 02:11 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
#4
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 15 August 2007 - 03:02 PM
looks like 2520 was the C point, we had volume at B of 2491-88 here.. 2440 tgt. Bullish spring failed at .382.
2457 - that took less than an hour...
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
