Hysterical Dreadwin – love this chart! Shennanigans is my favorite word. I haven't had a chance to really read over all your emails but will do so this weekend.
LQD's price has closed higher than the January closing high. It is outside the bollinger band. It hasn't done that since November.
TLT gave a BB buy signal 7 trading days ago and is now flirting with the 200 day MA.
The standard dogma is that investors flee to safety in bonds when they think equities are about to tank. Once the bond trade gets too crowded, equities get pumped up causing people to sell bonds and chase higher equity prices.
It's a contrarian play. If you see everyone buying bonds, it might be a good time to get into equities.
Amen on that one. I don't even bother looking at monthly charts anymore. Rarely do I look at weekly charts. Daily and intra-day movements are king right now. Short term patterns seem to matter more than longer term ones.
Hysterical Dreadwin – love this chart! Shennanigans is my favorite word. I haven't had a chance to really read over all your emails but will do so this weekend.
LQD's price has closed higher than the January closing high. It is outside the bollinger band. It hasn't done that since November.
TLT gave a BB buy signal 7 trading days ago and is now flirting with the 200 day MA.
The standard dogma is that investors flee to safety in bonds when they think equities are about to tank. Once the bond trade gets too crowded, equities get pumped up causing people to sell bonds and chase higher equity prices.
It's a contrarian play. If you see everyone buying bonds, it might be a good time to get into equities.
When $RVX gets to an RSI of 30, there will be a tradeable move in TZA. Take that one and bank it.
Dreadwin,
There is so much trickery going on, I dismissed any relationship between bonds and equities.
What exactly are you seeing?
Dreadwin,
Nice charts!
Got to where I think any reasonable spot where P3 might start will see a rally.
Agreed. The lower BB on $RVX is moving down, as is the $VIX. We could creeping down on this trendline (shown in my chart for a while.
The price action in bonds (TLT and LQD) is making me nervous about equities right now.
Dreadwin,
The moon's influence is gentle and consistent. Doesn't stand a chance against some of the forces in play.
Amen on that one. I don't even bother looking at monthly charts anymore. Rarely do I look at weekly charts. Daily and intra-day movements are king right now. Short term patterns seem to matter more than longer term ones.
I need to buy me some TNA, as it's been awhile since I had any. LOL.
Lately it's been:
1) Horrid news, TNA tumbles
2) buy some TNA
3) wait in agony while it goes no where for hours
4) TNA takes off!
5) Sell TNA
Can't always be like this, but it is nice.