Great Reversal but...
#1
Posted 16 August 2007 - 03:51 PM
#2
Posted 16 August 2007 - 04:08 PM
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=27&i=p84781333250&a=93045759&r=2187.png
#3
Posted 16 August 2007 - 04:19 PM
(Securities Lending Transaction Volume)
I think this is a lasting low, a retest to be expected, the new lows expanded to 1100, pretty much one third of the market made a new low on NYSE stocks. But the more interesting news is on Nasdaq which had divergent and less new lows.
There is tremendous growth emerging under this market. There is no other explanation. The insiders know...
- kisa
#4
Posted 16 August 2007 - 04:30 PM
The signal came in a day in advance again and this was discounting for the insitutional buying or some serious rescue of some sort...
(Securities Lending Transaction Volume)
I think this is a lasting low, a retest to be expected, the new lows expanded to 1100, pretty much one third of the market made a new low on NYSE stocks. But the more interesting news is on Nasdaq which had divergent and less new lows.
There is tremendous growth emerging under this market. There is no other explanation. The insiders know...
- kisa
What growth ? Not sure what you mean. What do insiders know ? You mean the levels of buyback and insider buying vs selling ?
btw.. thats another difference with 2000-2002 decline. Insider selling was high, corporate balance sheets looked like crap. There was also plenty of debt on them and goodwill and what not. And now insiders aren't unloading in droves like back then, balance sheets are clean and buybacks are high.
#5
Posted 16 August 2007 - 04:46 PM
#6
Posted 16 August 2007 - 05:10 PM
#7
Posted 16 August 2007 - 05:35 PM
#8
Posted 16 August 2007 - 05:44 PM
Was there a reason why SPX corrected 10% in such a short time?
If there was no good funnymental reason, then what exactly was the TA
reason and who predicted it coming? I mean a 10% correction coming.
With all the great TA minds on this board I am sure someone had to see
the magnitude of correction coming.
If there WAS a good funnymental reason for the correction, has that
problem been resolved, causing the market to reverse the sudden
decline? And if the problem has not been fixed yet, why should the
market advance 10% or even 5%?
Just wondering.
Posted 8/12/07 Comparison of 2000 decline to 2007 - with eventual target.
Posted 8/3/07
Issued Target for 2425 by 8/8, it took a week longer than I expected but there's your 10% Correction Forecast.
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
#9
Posted 16 August 2007 - 06:00 PM
#10
Posted 16 August 2007 - 06:09 PM
Are you sure? I see more new lows at this low on NYSE common only or all. Nasdaq held up better in that sense...
I see 415 common and over 1000 overall for NYSE, 185 vs 300 on NASDAQ.
My apologies.. D/P wasn't updated yet when I looked.
I'm seeing 200+ lows on common only now. Still lower then the previous low, though not a huge divergence.