[cowseathay]

Originally Posted by atto »

Sure thing. Cows, no one besides us who have access to Chat Junkies can see that attachment, I believe. Might want to reupload them.

Re-uploaded the images, it should work now.

[atto]

Db, mind posting the stock and sector Wyckoff Wave charts? I was a bit surprised at the outcome today. However, there is quite the divergence in the Up Dn volume. Also today, Up vol backed off, Dn vol increased.

GOOG missed earnings, and it's off ~4% from the highs today. Think this might be the needle that pops the Balloon of Hope?

[DbPhoenix]

Originally Posted by atto »

Db, mind posting the stock and sector Wyckoff Wave charts? I was a bit surprised at the outcome today. However, there is quite the divergence in the Up Dn volume. Also today, Up vol backed off, Dn vol increased.

GOOG missed earnings, and it's off ~4% from the highs today. Think this might be the needle that pops the Balloon of Hope?

Up vol was weak yesterday as well, as were new highs.

[DbPhoenix]

Here's one for the Nasdaq (the above are for the Dow stocks and the S&P sectors). But I can't guarantee its accuracy.

[firewalker]

Originally Posted by atto »

Db, mind posting the stock and sector Wyckoff Wave charts? I was a bit surprised at the outcome today. However, there is quite the divergence in the Up Dn volume. Also today, Up vol backed off, Dn vol increased.

If you don't mind me asking, why were you surprised? A test of the June high seemed likely imo, although the pace at which we rallied off 1400 towards 1500 is something I hadn't suspected during summer "doldrums". The information about volume spread is interesting though.

In a review of last 2 weeks, here's my 2c. We spent a week travelling sideways, building up for a sustained rally which has now reached the June highs.

Legend on chart

- double horizontal lines: rough larger areas of support/resistance from in the past (note this is my interpretation)

- small horizontal lines: midpoints or smaller (yet not negligible) areas from intraday S/R

- blue box -> 'rectangle'/base/build-up (see also what dbphoenix mentioned about accumulation)

- red circle -> shake-out

- yellow rectangles -> pauses before continuation

[atto]

You're correct, I just didn't see it getting that high. A few things I watch on a larger tf are getting quite weak (such as the Up Dn vol div), and the Wyckoff Wave charts have been weaker than the general market. It was more me thinking the bulls didn't have it in them.

Today will be fun.

[firewalker]

Originally Posted by atto »

Today will be fun.

The fun is starting early again (seems to be the case lot of the days lately).

I'm in from 1508. Good trading!

[DbPhoenix]

Originally Posted by atto »

You're correct, I just didn't see it getting that high. A few things I watch on a larger tf are getting quite weak (such as the Up Dn vol div), and the Wyckoff Wave charts have been weaker than the general market. It was more me thinking the bulls didn't have it in them.

Today will be fun.

A reminder, tho, that the stock canary is for the Dow. The sector canary is for the S&P. And the Dow and S&P have been weaker than the Nasdaq. My comments in chat regarding the weakness in the Naz had to do with new highs and upvol for the past two days.

The canary for the Naz was put together hastily. If someone can provide me with a list of the 30 highest percentage gainers in the Naz or NDX from May 9 to June 10, I can confirm its accuracy.