Looks like to me like the SPX tested the lows of 14 of the last 22 trading days, broke every single one of them, did it all on higher volume, AND did it all in one day!
Bulls too quick to turn tail...this isn't the real Magilla
Started by
SemiBizz
, Oct 20 2007 01:15 PM
11 replies to this topic
#12
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 22 October 2007 - 08:39 AM
Here, I have some DJIA targets 13335-13403
First bounce now at 13407... expecting it to roll back and get under it. Volume on Nasdaq is light... bullish spring operative.
SOX first to go green...Semiconductor fundamentals are not as weak as expressed by the action on Friday either... You can see the obvious bullish spring setup here on the SMH.
Edited by SemiBizz, 22 October 2007 - 08:41 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
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
