Nasdaq still squarely in Doomsday Channel
Started by
SemiBizz
, Aug 18 2007 11:21 AM
No replies to this topic
#1
Posted 18 August 2007 - 11:21 AM
This lower volume spike yesterday came on 2 strong events that should have produced (1)more volume as well as (2)significantly higher prices...(1) Options Expiry (2) Fed Discount rate cut. We should be well under 2400 by next Friday... I have an ABC Down target now of 2285-2325. We are in a fibonacci time accelerated crash. The first ABC down interval was 13 days, the second was 8 days, and this one will be 5 days. I would expect since we stalled between the .50R and the .618R there is room for another spike up to that .618 level or 2535...
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