Morning Blog Notes
Started by
SemiBizz
, Jul 19 2007 08:31 AM
No replies to this topic
#1
Posted 19 July 2007 - 08:31 AM
Well they did it again, filled the street with subprime fears while Bernanke yapped on your TV Screen... Net Result... BEAR BAIT.
Looking ahead, the next pivot is in the 2730 area with trend line resistance at 2734, Should we break out from there... 2739, 2752 next pivots...
It is what it is, a huge blowoff, but it really is getting out of hand. My model for an interim top fell apart yesterday with a new high in the $XAU, it doesn't mean the model isn't viable, it just means we are going HIGHER.
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