Search results

July 11: SP500 53.60% up points 71.77% up volume Russell 3000 (including worldcom) 38% up points 61.9% up volume

Good question. Ignore the "etc." I am posting a new chart with annotations that I hope answers your question. When I say wave, I don't mean Elliot. Todays candle on the SPY could be classified as a high volume reversal.

Looks like a move to 96-97 on the SPY in the works. Lots of volatility here.

It happens a lot. Measured moves. A wave of selling, then a letup, then a similar force wave, etc. But once they become obvious, they often cease to continue.

Russell 3000 82% down volume (including worldcom) 92.6% down points SP-500 85.7% down volume 98.7% down points It is a simple formula. Volume up or volume down/(volume up + volume down). Same for points. Ignore issues unchanged for the day. I do it myself. :p

SPY chart from 117 high to today

Dick is expendable, Cheney that is.:D Market is now scared. SP-500 getting dumped. I am beginning to deploy cash in my IRA into the market through index funds. 25% scaled in currently. The rest in cash awaiting.

Nice article Babak. Problem is we don't have a trader at the helm of the Treasury anymore.

You are still a greenhorn Lundy, but well on your way to becoming a battled scarred veteran of the markets.

TraderRX is an unemployed pharmacist who lives on Manhattan's Lower East Side. He can be found at the local handball courts after the close.

SOld QQQs 25.35 + 1.29

What is the criteria? Gross percentage gain, or gross profit?

It sounds like someone sent SE an email claiming to be Farley's attorney, or SE is truly crazy. "I figure the odds be fifty-fifty" - Frank Zappa

It seems to me SE that in the first paragraph you said you learned from these "gurus" and in the second paragraph you said learned NOTHING from these guys. My question is why would a trader with GS undertake tutelage from these authors?

Well, make the obligatory apology and move on SE. Or, stand by your statement and let Farley's attorney sue and prove that your statement is false and defamatory and that you knew it (or would you have to prove that your statement is true?) Any lawyers turned traders out there in ET land?

Russell 3000 July 8 82% down volume 80% down points

Lundy, Don calls swing trading buying and praying. You can't proselytize Don Bright on swing trading.

Well Chas, that's how my calculations came out for the Russell 3000. Friday was a shortened day and maybe that dilminishes the result,I don't know. Desmond at Lowry's Reports calculates the NYSE for points up/down, volume up/down. Other people use Volume up/down and advancers up/down for a...

Sure, post them. I think the Friday move has more upside.

July 5 was a 90% upday on the Russell 3000 Excluding Worldcom, Points up = 95% Volume up = 94% Fantastick numbers, but a shortened day. July2 was a 90% down day, excluding Worldcom also. Hmmmm. Calling Lundy.