2420 is the key resistance now as I have outlined to you on many occasions... and oh yeah... this is where it gets sick... Friday's 2441 high is now the benchmark . If they succeed in pushing us back up there (and they probably will), it's only another 60 pts or so back up to our old friend at 2506...(.50R)
. I may be getting a bit ahead of myself here, but I just had to point it out...
The 2 Key Resistance Numbers for Today SPX/NAS
Started by
SemiBizz
, Jun 25 2008 08:39 AM
23 replies to this topic
#11
SemiBizz
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Volume Dynamics Specialist
Posted 25 June 2008 - 09:40 AM
(Posted Monday 6/23)
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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Posted 25 June 2008 - 09:55 AM
A little word of caution about trading these F'ed days...
The price jam you see here is coming on light volume... mostly due to the little dip in crude. Now, after this F'ed announcement volume is going to come pouring into the market...
We either confirm this frenzied markup on volume and are up big on the day, or we'll give ALL OF THIS up and close on the lows...
That's how it looks to me. Good Luck, I'm sitting this one out until I see those volume mechanics after the F'ed does it's thing.
Edited by SemiBizz, 25 June 2008 - 09:56 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
#13
OEXCHAOS
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Mark S. Young
Posted 25 June 2008 - 10:05 AM
Boy, GE sounds like a short, but this last chart looks bullish to me, on a break up.
Lower volume pullback, testing the lows on the high volume stick.
M
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#14
SemiBizz
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Posted 25 June 2008 - 10:08 AM
Boy, GE sounds like a short, but this last chart looks bullish to me, on a break up.
Lower volume pullback, testing the lows on the high volume stick.
M
Look at the date Mark...
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
#15
SemiBizz
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Posted 25 June 2008 - 10:15 AM
If you want to short it, you should let the momentum try and carry you to the last volume high of 29.40, which is also about a .50R of the last move down. Note the repeated 5 red candle sell signal on the daily... Like I said, I wouldn't trust this thing, it's only building the C point for 25.XX target...
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
#16
SemiBizz
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Posted 25 June 2008 - 10:31 AM
Wyckoff said one of the ways to determine if a rally is a bear market rally is they usually fail at the 200 DMA...
http://bigcharts.mar...&mocktick=1.gif
Thus, the way I construe this activity today is pretty much counter-trend... short setup opportunity.
http://bigcharts.mar...&mocktick=1.gif
Thus, the way I construe this activity today is pretty much counter-trend... short setup opportunity.
Edited by SemiBizz, 25 June 2008 - 10:33 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
#17
SemiBizz
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Posted 25 June 2008 - 10:35 AM
Same story here....
http://bigcharts.mar...&mocktick=1.gif
Note that today's 200 DMA is right around that .50R Fib... 2506
http://bigcharts.mar...&mocktick=1.gif
Note that today's 200 DMA is right around that .50R Fib... 2506
Edited by SemiBizz, 25 June 2008 - 10:36 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
#18
espresso
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Posted 25 June 2008 - 10:49 AM
GE:
Did you think i was kidding? [GE is on a weekly buy right here at 27.30$ (1-2$ stop)]
Unfortunatelly is playing the hard way, large move on weekly signals!
I need to see how it closes Friday:
i guess above 29$ long signal is confirmed and could last few months;
otherwise 29$ could be the line in the sand (reverse down for some time) and delay my signal ...'till it comes (after a crash )!
)!
Spesi FF
#19
SemiBizz
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Posted 25 June 2008 - 10:59 AM
http://bigcharts.mar...&mocktick=1.gif
We've seen the large criminal moves to the upside on the weekly on strong volume in March, now what I see here is another pair of twin towers bigger than the last two we saw ahead of the sell spike in April. That's quality of volume to the downside... and that's also what is going to show up on the monthly....
Just hazard a fundamental guess here though, they might get a nice bounce if they get rid of Immelt...
The street has had it with him.... zero credibility.
We've seen the large criminal moves to the upside on the weekly on strong volume in March, now what I see here is another pair of twin towers bigger than the last two we saw ahead of the sell spike in April. That's quality of volume to the downside... and that's also what is going to show up on the monthly....
Just hazard a fundamental guess here though, they might get a nice bounce if they get rid of Immelt...
The street has had it with him.... zero credibility.
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
#20
espresso
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Posted 25 June 2008 - 11:14 AM
http://bigcharts.marketwatch.com/charts/big.chart?symb=ge&compidx=aaaaa:0&ma=0&maval=200&uf=0&lf=1&lf2=0&lf3=0&type=4&size=2&state=9&sid=2148&style=320&time=19&freq=2&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=7162&mocktick=1.gif
We've seen the large criminal moves to the upside on the weekly on strong volume in March, now what I see here is another pair of twin towers bigger than the last two we saw ahead of the sell spike in April. That's quality of volume to the downside... and that's also what is going to show up on the monthly....
Just hazard a fundamental guess here though, they might get a nice bounce if they get rid of Immelt...
The street has had it with him.... zero credibility.
The way i've learned from your inexaustible teaching (thanks
), I see two towers: one signaling a high and the other signaling a low ...until larger volume get us out of it! Otherwise they are both highs and we drift lower and lower and lower...!My bet would be next week we break up on volume.
jmho
Spesi FF
