Comments on: A Look at Declining Volume on Five Prior Market Tops

By: indebtwetrust

indebtwetrust — Thu, 26 Nov 2009 09:13:22 +0000

Very good post. I use tradestation too. Good suite of tools. How come you didn't include 2008 or the 2002-2003 periods?

By: indebtwetrust

indebtwetrust — Thu, 26 Nov 2009 03:13:22 +0000

Very good post. I use tradestation too. Good suite of tools. How come you didn't include 2008 or the 2002-2003 periods?

By: A Look at Recent Short Term Peaks in SP500 | Penny Stock Trading System Blog

Wed, 18 Nov 2009 00:32:02 +0000

[...] “A Look at Declining Volume on Five Prior Market Tops” [...]

By: Weekend Stock Market Analysis: 11/16/2009 | ANOMALOUS MATERIAL

Weekend Stock Market Analysis: 11/16/2009 | ANOMALOUS MATERIAL — Sun, 15 Nov 2009 17:08:32 +0000

[...] A look at declining volume on five prior market tops (Afraid to Trade) [...]

By: graspthemarket

graspthemarket — Sat, 14 Nov 2009 05:38:51 +0000

Hi all. I'm new to this site. That's great work above. Really interesting. I completely agree with your findings. I have a chart of the DIA with similar information posted at…

http://www.graspthemarket.com/articles/20091109...

In terms of a crash, the charts, especially small time frames, look really strange. The minute bar charts sometimes look like monthly charts. I wonder if there is a connection with how big the bars are minute by minute and a crash. Is there a correlation?

By: the99th

the99th — Sat, 14 Nov 2009 03:33:36 +0000

That lock-limit candle and the subsequent red in Oct. 1987 is possibly the most beautiful candlestick I've ever seen on a chart.

By: the99th

the99th — Sat, 14 Nov 2009 03:32:40 +0000

Like momentum divergences, volume divergences are a leading indicator that must be combined with some other signal in order to time a short-entry, you can try to short a volume/momentum divergence and get totally pulverized by an extended wave 5, as these charts illustrate and as the NASDAQ back in the day demonstrated with utmost insanity (typically wave 5s add another 20 or 30% to the trend, but that one added another 100%).

So, while you point has merit, these divergences are a consistently foreboding omen that this rally, at the very least, is not sustainable. Its just a question of how far and how long. How long are you?

By: rww13

rww13 — Sat, 14 Nov 2009 01:30:17 +0000

I am sorry but you can pull out any chart and do anything you want with it and sow anything that you want. I can show you a linear regression channel that tells me we may back off to 9700 or so.

By: * Fibozachi *

* Fibozachi * — Fri, 13 Nov 2009 21:37:24 +0000

Great highlight today Corey, really nice work !!

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Fri, 13 Nov 2009 19:12:53 +0000

I think that's a polite way to phrase it! “No reason for optimism.” A more aggressive phase might be “If history is any guide… look out below!”