Humor me
#1
Posted 20 August 2007 - 12:21 PM
Enjoy !
#2
Posted 20 August 2007 - 12:25 PM
#3
Posted 20 August 2007 - 12:41 PM
A bullish view would be we finished a wave 1 or half of a wave 1 up of an ED....too many things going on...I'm scalping ...personally... I would like to see OEX 629.
http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=4&i=p83797310860&a=93322579&r=4233.png
Edited by Teaparty, 20 August 2007 - 12:42 PM.
#4
Posted 20 August 2007 - 12:42 PM
#5
Posted 20 August 2007 - 12:52 PM
NAV, I disagree. I am neutral here, but the low of August 16th was made on the highest volume ever. It will be almost impossible to break it over the next few days / weeks (not before another sell off in October).
Denleo
Denleo,
As far as the highest volume argument goes....
You could have said the same thing on 2/27/07. But on 3/14/07 we made a new low.
You could have said the same thing on 7/27/07. But on 8/1/07 we made a new low.
You could have said the same thing on 8/1/01. But on 8/6/07 we made a new low.
#6
Posted 20 August 2007 - 12:53 PM
NAV, I disagree. I am neutral here, but the low of August 16th was made on the highest volume ever. It will be almost impossible to break it over the next few days / weeks (not before another sell off in October).
Denleo
Denleo,
As far as the highest volume argument goes....
You could have said the same thing on 2/27/07. But on 3/14/07 we made a new low.
You could have said the same thing on 7/27/07. But on 8/1/07 we made a new low.
You could have said the same thing on 8/1/01. But on 8/6/07 we made a new low.
I could have, but I didn't. I am saying it now.
Denleo
#7
Posted 20 August 2007 - 12:59 PM
NAV, I disagree. I am neutral here, but the low of August 16th was made on the highest volume ever. It will be almost impossible to break it over the next few days / weeks (not before another sell off in October).
Denleo
Denleo,
As far as the highest volume argument goes....
You could have said the same thing on 2/27/07. But on 3/14/07 we made a new low.
You could have said the same thing on 7/27/07. But on 8/1/07 we made a new low.
You could have said the same thing on 8/1/01. But on 8/6/07 we made a new low.
I could have, but I didn't. I am saying it now.
Denleo
Then it begs the question - What's so different this time ?. The past instances i mentioned were all, All Time High Volume lows as well.
????
Edited by NAV, 20 August 2007 - 12:59 PM.
#8
Posted 20 August 2007 - 01:01 PM
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 20 August 2007 - 01:07 PM
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1994-01-01&en=1994-06-01&i=p12527097300&a=114743603&r=4555.png
#10
Posted 20 August 2007 - 01:13 PM
NAV, I disagree. I am neutral here, but the low of August 16th was made on the highest volume ever. It will be almost impossible to break it over the next few days / weeks (not before another sell off in October).
Denleo
Denleo,
As far as the highest volume argument goes....
You could have said the same thing on 2/27/07. But on 3/14/07 we made a new low.
You could have said the same thing on 7/27/07. But on 8/1/07 we made a new low.
You could have said the same thing on 8/1/01. But on 8/6/07 we made a new low.
NAV, I have about 10 good reasons. I will name 3:
Were equity P/C ratio above 1 three days in a row leading to those dates?
Was number of new 52 week lows (relative %) third highest after october 19th 1987 and August 31st 1998?
Were valuations at 10 year low?
Denleo
I could have, but I didn't. I am saying it now.
Denleo
Then it begs the question - What's so different this time ?. The past instances i mentioned were all, All Time High Volume lows as well.
????
Equity P/C ratio above 1 three days in a row
percent of NYSE stocks making 52-low third highest since 10/19/87 and 10/31/98
Denleo