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.
Thanks for the chart. You are right that it looks like it could turn over. The MACD looks like it has nowhere to go but down. It will be interesting to see how this plays out.
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.
Thanks for the chart. You are right that it looks like it could turn over. The MACD looks like it has nowhere to go but down. It will be interesting to see how this plays out.
I just made a $VIX chart.
http://www.screencast.com/users/dreadwin/folder…
In my opinion, the $VIX is looking short term bearish. The critical things to watch are the RSI trendline and the Slow Stoch.
If that plays out, the indexes go up. No way around it.