If we break below 660's on any retest of the lows in the months ahead, I am SURE we would see some very big buyers coming into the market as we traded the low 600's or lower (like if we start to get a bunch of bank failures resulting from commercial real estate destruction). Everything would start to get VERY WILD with a bust through our current lows.......that could cause one very strong spike down move (like a blowoff capitulation drop to the low 600's or below). :eek: On any sell off moves to the mid 700's or below I would start actively looking for net LONG holders positions to start building......I would be willing to start playing the longer term LONG side trade at that point.
If you watch this movie you will FINALLY master my entry criteria/formula............ http://www.youtube.com/watch?v=zQYYGwYTPuY&feature=related :eek:
OK.....that is it for me today.....back to the vacation activities. Now lets go get the 922's...............912's...................902's...................882's.................etc.
I'm reading from the Sept chart about -4k CDV (59k to 55k) between the two highs. On the June chart, the CDV seems to be much lower (about -1k). Is that what you'd expect? Do you add the CDV up for a total of -5k in this case?
When price gets to an area where you are looking to short, i.e. a zone of net short sellers, what exactly is it that indicates to you a "sell response" in real time? Are you looking at time & sales to watch the order flow shift or is there something else that signals this?
We have a obvious intraday CDV divergence right now... in the middle of our huge CDV over the last 10 days...
At 10:49am this morning Eastern time we had a high at approx 17500 on CDV.. now at 2:46pm Eastern time we have a HIGHER high in price and a much lower CDV... about 11000