well red if the market doesn't tank today the legatus theory can officially be put to bed, it didn't work in May 09 or Oct 09 and if it doesn't work now, the mojo appears to have worn off R's crystal ball
Red – Im still right behind you but very worried what these jackasses might try and do – the Sage of Ohama says that the market will always get you in the end i hope it takes out the PPT and their evil cohorts.
Yes… very dangerous. I'll hang in there for a little while long. But, by Thursday or Friday I'll have too close out the position if we don't start the down move by then.
Red, Wall Street manipulators having fun by fooling both bulls and bears alike. It appears that this correction is over. Just rumors can make pigs fly (both here and in Europe). We may be right directionally, but someone else make money. This is a dangerous market for sure.
I'd be curious to see what the VIX looked like before the plummet in equities last year. Certainly when things are overbought, they sometimes continue on up, no?
You're right… it looks bearish. The market could go sideways to slightly up tomorrow… kind of a “pause” day, which would be bullish and bearish for the vix.
I'm hanging until Thursday for sure, as a terrorist attack would change everything. I admit, I missed the best entry for this market, but I'm staying awhile longer.
Thanks for the vix chart though, as it's clearly looking bearish.
well red if the market doesn't tank today the legatus theory can officially be put to bed, it didn't work in May 09 or Oct 09 and if it doesn't work now, the mojo appears to have worn off R's crystal ball
Red – Im still right behind you but very worried what these jackasses might try and do – the Sage of Ohama says that the market will always get you in the end i hope it takes out the PPT and their evil cohorts.
Yes… very dangerous. I'll hang in there for a little while long. But, by Thursday or Friday I'll have too close out the position if we don't start the down move by then.
Red,
Wall Street manipulators having fun by fooling both bulls and bears alike.
It appears that this correction is over. Just rumors can make pigs fly (both here and in Europe). We may be right directionally, but someone else make money. This is a dangerous market for sure.
Thank you very much sir! Off to bed. Hope something happens soon, one way or another.
dreadwin,
Nice chart.
Nice place Leo has here.
A good place to go for that kind of thing is vixandmore.blogspot.com and check old posts in the archives.
A range of 15 to 30 was what was playing out in 2007-2008.
Some good education for everyone tonight, is to go watch “The Chart Pattern Trader's” video tonight. He's good, and well worth watching.
His link is in my blog roll…
I'd be curious to see what the VIX looked like before the plummet in equities last year. Certainly when things are overbought, they sometimes continue on up, no?
You're right… it looks bearish. The market could go sideways to slightly up tomorrow… kind of a “pause” day, which would be bullish and bearish for the vix.
I'm hanging until Thursday for sure, as a terrorist attack would change everything. I admit, I missed the best entry for this market, but I'm staying awhile longer.
Thanks for the vix chart though, as it's clearly looking bearish.