The Giant Sucking Sound...Nasdaq.
Started by
SemiBizz
, Aug 17 2007 10:38 AM
2 replies to this topic
#1
Posted 17 August 2007 - 10:38 AM
Doomsday channel is still intact. The advance stopped at the upper channel line this morning.. Effectively the degree of decline is the same as the original doomsday channel, what is happening is an expansion of the range and volatility. Regardless of what happens from here today, we will be testing that low from yesterday, make a note of it.... This is straightforward here, you can see what they have to do to break out of this channel...and set your stops or entries accordingly.
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
Posted 17 August 2007 - 11:15 AM
Money rotating back to financial sector won't exactly help.
#3
Posted 17 August 2007 - 11:25 AM
2 things must get resolved for Nasdaq to advance... Right here it's about 2491, the B point of the Long ABC Down Structure, then it's blowing out the top of the channel on the chart above... Otherwise we're going back down to the bottom of the doomsday channel....
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