|
PureBytes Links
Trading Reference Links
|
Yuki,
Some articles make me suspicious today.
Example
http://biz.yahoo.com/rf/040121/markets_japan_stocks_17.html
They all agree *NOW* for the bullish continuation...
OK, nobody wants to sell below 11,000 but, a -5% retracement from the
current levels will give more reasons for bearish positions [if TRUE,
it will cause another -5%].
StochD/RSI divergences are not always verified in bullish periods,
but a small correction would not be that bad.
^NDX similar divergences are not ready yet, I think we need one more
negative bar [the US lost one bar last Monday...]
Many people were trying to get rid of their CSCO the last 2h from
28.80 to 28.60, $30 is not that close as it looks like.
We shall see...
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi Dimitris,
>
> Thursday, January 22, 2004, 6:04:22 PM, you wrote:
>
> DT> ^N225 will suffer for a while, the StochD() AND RSI()
> DT> divergences are here to give a clear warning.
> DT> Any opinions [technical or not] appreciated.
> DT> Dimitris Tsokakis
>
> Perhaps. But I would expect any suffering to be short-lived. It
> looks like a flag to me, especially with 225 volume declining
sharply
> the past two days. Also, the "forced" low closes each day set up
> amateur bearishness, usually right about the time it's ready to blow
> through the top of the flag.
>
> Foreign buying this week before the open has hit levels I haven't
> seen since last summer. This action -- very, very heavy this week -
-
> in contrast to the futures market, that wouldn't let the thing run.
I
> need not tell you which of the two represents investors, and which
> represents "gamers". ^_-
>
> Today . . . while nothing to the upside could get going courtesy of
> the Osaka Boyz, on key stocks like Nomura, somebody was willing to
> put huge bids in at the unchanged area all day. We are talking
about
> really big bids, bids that don't get made unless there is either a
> lot more behind it, or unless somebody knows something. They
weren't
> forcing, mind you, just saying they would take all you wanted to
give
> them at this level. If I was short I'd be real, real nervous.
>
> So . . . these flags can play out a couple of different ways: 1) The
> first blow through a previous high and they take off on you, and 2)
> there is a brief lateral movement (see 225 in May of last year)
> before an upward breakout. They can fail, too, for that matter, but
> I smell a move up to suck in all the novices before we see much to
> the downside. Nobody here is too interested in selling below 11,000
> right now. Bank volume, a key market component here, simply
vanished
> today. I mean 8411 did less than 75k shares. You have the stock in
> your database -- that's really small participation for that stock,
> even at US$ 3,000 a share. This kind of volume evaporation tends to
> support the flag theory. Also supportive, while the headline
numbers
> were flat today, the internals soared. A/D line solidly positive,
> and 60 to 0 new highs to new lows, a ratio that's held for about two
> weeks now. Money is being positioned.
>
> Of course, a big change in the US market could change things here in
> a hurry, and we've had quite a run ourselves since Christmas.
>
> Best,
>
> Yuki
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|