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Nasdaq Falling back into Doomsday Channel


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#1 SemiBizz

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Posted 20 August 2007 - 11:24 AM

2492 was the 2/27 Crash Gap pivot (the B point I had forecasted would be tested)

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The light volume implies a bullish spring BTW... position:flat.

Edited by SemiBizz, 20 August 2007 - 11:34 AM.

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#2 relax

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Posted 20 August 2007 - 11:50 AM

thanks for the update semi maybe we have to wait five months again for the retest of high volume candle at 2.380

#3 SemiBizz

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Posted 20 August 2007 - 11:52 AM

thanks for the update semi

maybe we have to wait five months again for the retest of high volume candle at 2.380





5 days.
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#4 relax

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Posted 20 August 2007 - 12:00 PM

why 5 days - any specific "rule"? thanks!

#5 SemiBizz

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Posted 20 August 2007 - 12:08 PM

why 5 days - any specific "rule"?

thanks!


Stay with the trend... until it proves you wrong. Today's light volume is unimpressive. The rally ran out of steam, and until that upper channel line breaks, the doomsday channel is still in business...

Edited by SemiBizz, 20 August 2007 - 12:10 PM.

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#6 SemiBizz

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Posted 20 August 2007 - 01:15 PM

So as long as we hold 2490-2535 here on this light volume we're pretty much in no man's land... suggests that we'll close in the middle somewhere and the bulls can declare victory on not having crashed today...
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#7 sglasson

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Posted 20 August 2007 - 01:56 PM

[Stay with the trend... until it proves you wrong. Today's light volume is unimpressive. The rally ran out of steam, and until that upper channel line breaks, the doomsday channel is still in business...


whats your take on nyse, spx or dow vs naz? thanks

#8 SemiBizz

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Posted 20 August 2007 - 02:00 PM

[Stay with the trend... until it proves you wrong. Today's light volume is unimpressive. The rally ran out of steam, and until that upper channel line breaks, the doomsday channel is still in business...


whats your take on nyse, spx or dow vs naz? thanks





Same, same... Thursday's lows will be tested.
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