Closing thoughts
Started by
NAV
, Sep 12 2007 03:12 PM
8 replies to this topic
#1
Posted 12 September 2007 - 03:12 PM
#2
Posted 12 September 2007 - 03:34 PM
The comparison candle for today is 6/28. If we follow the model, expect a gap up to the 2603 pivot and a strong move down to begin from there...
http://bigcharts.mar...&mocktick=1.gif
http://bigcharts.mar...&mocktick=1.gif
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
#3
Posted 12 September 2007 - 03:34 PM
2 words...
Dull Market
#4
Posted 12 September 2007 - 04:31 PM
i am betting on a gap down here, today's price action was sad really.
and while this is not my reasoning, today is the start of rosh hashana - so why not gamble, keeping the stops real tight. so tight, i just might get squeezed out and annoyed.
“be right and sit tight”
#5
Posted 12 September 2007 - 09:49 PM
Just updated my spreadsheets. Signal lines crossed positive for the QQQ, NDX, Nasdaq, SPX, DOW, OEX, RUT, NYA, SPY and BKX as of the close. They are short term in nature and are not outright buy signals because the base indicator was not low enough for that. The fly in the ointment is the SOX and SMH. Not a good day for those puppies and definitely no cross. However, it usually plays pretty well when there are multiple crosses at the close for so many of the things I track. I remember June 12th. Same thing happened that day except the SOX was in concert.
#6
Posted 12 September 2007 - 11:38 PM
was surprised at the tentativeness of the market this afternoon to follow through on the upside.
note tonight that BSC reports in the morning before the open.
wonder how that is going to go over...
Echo
#8
Posted 13 September 2007 - 08:17 AM
Sorry if it was misinformation. I had this from Schaeffer's:
Earnings calendar with current estimates:
For a complete list of earnings for the week, check out Schaeffer's Looks Ahead.
Earnings calendar with current estimates:
For a complete list of earnings for the week, check out Schaeffer's Looks Ahead.
#9
Posted 13 September 2007 - 09:15 AM
The comparison candle for today is 6/28. If we follow the model, expect a gap up to the 2603 pivot and a strong move down to begin from there...
http://bigcharts.mar...&mocktick=1.gif
Yesterday's low broken... 3 min chart trend DOWN right from the open.
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