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Don't Panic - This is just a warmup, still plenty of time


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#1 SemiBizz

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Posted 07 September 2007 - 10:13 AM

Yeah well, everyone can think or say they think this was about the economy or the (un) employment report or whatever... but it's pretty clear it was just an phony excuse to sell for the real reasons we already know... We'll rattle around here today and because volume is low, probably get a spring to the numbers I have already forecasted. No surprises! There's plenty of time to sell your longs (probably) and to get set up short next week. Of course, I could be wrong. Either way... I'm taking a nice healthy profit here. and still have some riding. $$$$
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.

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#2 BigBadBear

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Posted 07 September 2007 - 10:23 AM

GOOD TRADING. My pending shorts[see last friday post afer i took long profits] all opened from Wednesday and are in profit too..cant complain. How low you think we go 'next week' ?

#3 espresso

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Posted 07 September 2007 - 10:24 AM

Oh no, how this is possible! With all those bears in the sentiment reports, there must be an error! It must go back up Monday! ...Yeah and then down more hard! :bear:

Edited by Espresso, 07 September 2007 - 10:25 AM.

Spesi FF

#4 SandStorm

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Posted 07 September 2007 - 10:25 AM

Great job sticking to your gun. I am in the trend-following mode. The more they sell the shorter I get.

#5 atlasshrugged

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Posted 07 September 2007 - 10:30 AM

Yeah well, everyone can think or say they think this was about the economy or the (un) employment report or whatever... but it's pretty clear it was just an phony excuse to sell for the real reasons we already know... We'll rattle around here today and because volume is low, probably get a spring to the numbers I have already forecasted. No surprises! There's plenty of time to sell your longs (probably) and to get set up short next week. Of course, I could be wrong.



Either way... I'm taking a nice healthy profit here. and still have some riding.



$$$$



nice trade!!!

#6 SemiBizz

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Posted 07 September 2007 - 10:34 AM

if 2557 does not hold we are going into air pocket

Edited by SemiBizz, 07 September 2007 - 10:35 AM.

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

#7 SemiBizz

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Posted 07 September 2007 - 11:59 AM

Bears have less than 20 minutes now to make a new low in this time frame or the Federal jamming programs will take over this afternoon... watching for now. I'd expect the usual surprise spike accompanied by the interruptions of some of the exchanges and internet brokerage quote systems. That's always good for a covering exercise...

Edited by SemiBizz, 07 September 2007 - 12:02 PM.

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