Sorry to keep bothering you Sundancer but I thought if the VIX closed below 17.95 today (which it did), that meant the market would melt up next week which would be bad for the bears?
***if*** the market breaks to the downside next week it will be much bigger than most people expect, there's very little to room on the 60 min as the max contain pt. is @ 113.35 and rising rapidly every hour
given that the $VIX didn't make any new lows this week, it looks like it's on the launching pad to me
it's going to provide for some interesting dynamics next week
since the week of 8/13/2007 there have been no consecutive sequences in the $VIX that stop @ 5, the two sequences that stopped @ 6 provided some very powerful moves in the $VIX
for those with eagle eye's will notice the $SPX close, another sun ritual in the books
1149.99 (6=9) 1146.66 ; clever clever operators
***if*** the $VIX behaves like it has since the week of 8/13/07 then the $VIX is going to close lower next week
the *** being we have parabolas on the daily charts, the parabolas can continue their climb into a total blow off or break hard at any time
Sorry to keep bothering you Sundancer but I thought if the VIX closed below 17.95 today (which it did), that meant the market would melt up next week which would be bad for the bears?
5
***if*** the market breaks to the downside next week it will be much bigger than most people expect, there's very little to room on the 60 min as the max contain pt. is @ 113.35 and rising rapidly every hour
given that the $VIX didn't make any new lows this week, it looks like it's on the launching pad to me
Carl at day’s end:
1143-1156 estimate today for /ES (13 points, June Expiry)
1142 -1150.25 actual today (7.75 points)
Trades: none today
Does this close down on the VIX make 5 or 6 weeks in a row?
it's going to provide for some interesting dynamics next week
since the week of 8/13/2007 there have been no consecutive sequences in the $VIX that stop @ 5, the two sequences that stopped @ 6 provided some very powerful moves in the $VIX
Looks like we are closing with the VIX below 17.95. Ugh – another week of flat/up.
Oh boy Sundancer, I fear that we may close the vix below 17.95 today which means a melt up in the SPY next week, correct? What if we close on 17.95?
I have even gone as far as to take them off my watch list. Less temptation that way.