2892.36
That is all you need to know here....
Just another "Buy the Dip, Stupid" Lesson
Started by
SemiBizz
, Nov 01 2007 09:09 AM
12 replies to this topic
#11
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 01 November 2007 - 09:58 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
#12
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 01 November 2007 - 10:16 AM
So if all that stuff is true... why does the Nasdaq keep on making new highs? Truth is we're not going down because we're having a problem making new lows... Take a look at MER... Why isn't trading in the pink sheets?
http://bigcharts.mar...&mocktick=1.gif
Oh and MRVL just broke out into a new high on the day....
http://bigcharts.mar...&mocktick=1.gif
Oh and MRVL just broke out into a new high on the day....
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
#13
Mr Dev
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- Traders-Talk User
- 11,528 posts
Member
Posted 01 November 2007 - 01:51 PM
Nasdaq will probably move lower near the close and if they defend their position with more buying ,,,.
you'll see it move lower tomorrow or Monday,...as the money that moved in yesterday plays it conservative
and they pull a big chunk of their money out. This will allow them some time to assess the damage they will see
especially if the sneak out near the close ...while holding the market up enough to exit.
A better picture of the situation would of been a bottle of BULL BAIT,,...as they were sucked into the market
on close yesterday. IN fact I would not be surprise to hear that anyone posting that picture was actually
caught off guard and suckered as well.
All I do is just watch the money moving here in the NDX to easily see this.
you'll see it move lower tomorrow or Monday,...as the money that moved in yesterday plays it conservative
and they pull a big chunk of their money out. This will allow them some time to assess the damage they will see
especially if the sneak out near the close ...while holding the market up enough to exit.
A better picture of the situation would of been a bottle of BULL BAIT,,...as they were sucked into the market
on close yesterday. IN fact I would not be surprise to hear that anyone posting that picture was actually
caught off guard and suckered as well.
All I do is just watch the money moving here in the NDX to easily see this.
Edited by Mr Dev, 01 November 2007 - 01:53 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
