Once again.... nothing has changed.
#1
Posted 05 November 2007 - 03:55 PM
#2
Posted 05 November 2007 - 04:05 PM
http://www.traders-t...?...ic=77280=
http://www.traders-t...?...ic=77376=
http://www.traders-t...?...ic=77330=
#3
Posted 05 November 2007 - 04:05 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!
#4
Posted 05 November 2007 - 04:14 PM
At the Oct 11 high..
http://www.traders-t...?...ic=77280=
http://www.traders-t...?...ic=77376=
http://www.traders-t...?...ic=77330=
Ok, TP
You're making me do this.
I was sitting on that vertical uptrend since August for 2+ month of nothing but vertical up action. I warned that I'll miss the very top And you caught it. After trying to catch that illusive top for the 2 month I got carried away.
Now I'm sitting on a strong downtrend and you're catching bottoms. Good luck.
I'm patient, I can sit and sit and sit. My TA says we are going down with about the same force we were going up. I have absolutely no desire to catch moves on 5 minute chart. I'm sitting on a money making trend.
#5
Posted 05 November 2007 - 04:16 PM
http://bigcharts.mar...&mocktick=1.gif
Today we pulled back for the 3rd consecutive day on progressively lighter volume, even getting under the high volume low of 10/26 of 2773 on lighter volume. The 2773 test was rejected and a bullish spring ensued... good to go higher, probably MUCH higher.
Edited by SemiBizz, 05 November 2007 - 04:17 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
#6
Posted 05 November 2007 - 04:21 PM
Sorry...one more...
Oct 6 2007, 11:03 AM
Post #5
Member
Group: Traders-Talk User
Posts: 5230
Joined: 9-June 05
Member No.: 3742
Rate cuts are irrelevant. Everyone knows there will be no more rate cuts.
Bonds selling = money moving into stocks.
Credit crisis is over. No recession. Global economy wins.
#7
Posted 05 November 2007 - 04:31 PM
I'm just saying you are making comments now that are exactly opposite of what you were saying at the top....don't get carried away, things can turn on a dime..........I can see another low possible....but if 1466/75 holds if we test it....it could be a buy there for 300 spx points...
Sorry...one more...
Oct 6 2007, 11:03 AMPost #5
Member
Group: Traders-Talk User
Posts: 5230
Joined: 9-June 05
Member No.: 3742
Rate cuts are irrelevant. Everyone knows there will be no more rate cuts.
Bonds selling = money moving into stocks.
Credit crisis is over. No recession. Global economy wins.
TP,
I'm making comments according to the market action
Market action is completely the oppostie
I'm trading the technicals. And I've posted just about every piece of technical info why I think the market is going down. Just as I backed up my BS with technicals why the market was going up.
I can talk about Credit crunch and the end of the world or the Miracle of global economy that will save us
But we are in a real downtrend with no sign of a bottom. At all. And I stand by what I said... take this market decline seriously. This is real. This isn't something that will be over tomorrow on some silly bounce.
#8
Posted 05 November 2007 - 04:47 PM
The market is in a brutal downtrend
Nasdaq didn't get the memo...
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 05 November 2007 - 07:17 PM