3 replies to this topic

[ogm]

This is a very solid setup. It won't give up here easily. Bank on it.
Both volume and a/d summations accelerating up after a positive divergence.
The price looks like a breakout of the wedge here.

[Trend-Signals]

This is a very solid setup. It won't give up here easily. Bank on it.
Both volume and a/d summations accelerating up after a positive divergence.
The price looks like a breakout of the wedge here.

Look at the First 3 days of this week. where do you see ballistic volume ?

I see very volume last week with a lot of white candles. And I see Heav y volume on Thursday. And 3 big decline days in between are on comparatevely lower volume.

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volume...


http://investorshub....age_id=22179997

8/16 climactic volume action was after selling exhaustion as we can see lighter volume actions going into 8/16 climactic reversal.

The first wave down was in high volume followed by lighter volumes setting up for the climactic reversal.


As shown on the above link, "Positive Divergences" and volume actions, as we discuss before....

Good luck



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The Climactic Reversal low on 8/16/2007 and retest:

We will not likely see "Retest of the low", because the low was below the key support areas and was with selling-exhaustion with climactic reversal volume action.

Why do you think that the Fed announced the cut?

Usually, a low in light volumes is retested, but not with extremely high volumes, especially, reversal at below key levels with climactic volumes. What we have seen is BULLS came out and fiercely defended.

8/16/2007 and 10/28/1997:

You will see Climactic reversal patterns with high volumes on those days with the same VIX breakout to 37 +/-

http://investorshub....age_id=22181738

Edited by Trend-Signals, 18 August 2007 - 07:07 PM.

[JAP]

Bulls are Bears are

[gorydog]

OGM,
I disagree, unfortunately. I don't want to call that a wedge because the volume rose - doesn't a wedge have falling volume? And the friday mini rally was crap, falling volume and unimpressive macd. Not that my opinion matters, because the direction of the market will be clear by 10:30am am monday, regardless what anyone here thinks. I favor a gap fill first, a weak rally and a resumtion of panic. I plan to buy long strangles if the gap is hit - they worked really well for me last week, but if the vix drops I'll have to loose them. Smart money says vix is bullish IMO.
http://stockcharts.c...3611&r=5330.png

GD