SPX - Beware the Triple Doji on Declining Volume.
Started by
SemiBizz
, Jul 10 2009 04:24 PM
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#1
SemiBizz
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- Traders-Talk User
- 23,213 posts
Volume Dynamics Specialist
Posted 10 July 2009 - 04:24 PM
Last three days of sideways on declining volume is an indication of cause being built... It should resolve to the upside based on being able to test that high volume Wednesday High on lighter volume, but unable to test the low... But, if it doesn't work out that way, then that sideways doji cluster could be the halfway marker to the bottom of the 10/10 envelope at 840....
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
