Only time is going to tell….my thoughts are sounding even crazy to me but considering the amount of shorts in VIX products….I’ll take the 110. All smart money is out and they are not buying until there is true value again. With the economy worldwide in the crapper, what number would make sense?
Those fake prints on VXX really don’t look out of reach considering the conditions at hand. Bidless markets, non existence of a true correction for years, indices needing to play catch up with stocks not to mention the China syndrome. This looks to me as a shorting opportunity that happens about once in a decade. The VXX and it’s ETN’s could be VERY EXPLOSIVE seeing the complacency in markets for so long…an adjustment looks due. Enjoy this ride….True Opportunity to go long coming.
Actually my Lucy 711 date was today (111weeks6days…multiply those numbers).
I am either looking for a 5% down day tomorrow to follow one model, …..or
possibly a gap down and then rally the rest of the day back into the positive to follow another model…
I actually favor the latter scenario since most technical indicators aren’t that oversold right now and a certain little indicator needs to head furthur south and break its low from a month ago. Most indices other than the Nasdaq and the already progressing Transports finished well below their lower BBs.
Weekly rising trendline of support since the 2011 low looks certain to break Friday unless they some how pull a rabbit out of hat tomorrow and rally up above 2085-2090 SPX by the close: http://stockcharts.com/public/1092905/chartbook/312846787
Remember gang that the insiders tell their buddies on the street where the market is going to prior to it happening so they can take a position beforehand. Such was the case of the 2010 Flash Crash. Insiders were told the low at 15 minutes to midnight the day before it happened. They used ritual numbers too… like 66.6667 for the StochasticFull reading as well as another “Eleven” code in the 1056 low (5+6 = 11, and with the other 1 you have 111). https://www.flickr.com/photos/reddragonleo/5382190713/in/datetaken/
That would be freaky for sure! Possibly we drop to 2043 SPX Friday morning and hit 6.66 on the TVIX at the same time? Or maybe it closes at that today as you suggested?
Only time is going to tell….my thoughts are sounding even crazy to me but considering the amount of shorts in VIX products….I’ll take the 110. All smart money is out and they are not buying until there is true value again. With the economy worldwide in the crapper, what number would make sense?
Well, the VXX had 2 different prints though… so which one is correct?
Those fake prints on VXX really don’t look out of reach considering the conditions at hand. Bidless markets, non existence of a true correction for years, indices needing to play catch up with stocks not to mention the China syndrome. This looks to me as a shorting opportunity that happens about once in a decade. The VXX and it’s ETN’s could be VERY EXPLOSIVE seeing the complacency in markets for so long…an adjustment looks due. Enjoy this ride….True Opportunity to go long coming.
Actually my Lucy 711 date was today (111weeks6days…multiply those numbers).
I am either looking for a 5% down day tomorrow to follow one model, …..or
possibly a gap down and then rally the rest of the day back into the positive to follow another model…
I actually favor the latter scenario since most technical indicators aren’t that oversold right now and a certain little indicator needs to head furthur south and break its low from a month ago. Most indices other than the Nasdaq and the already progressing Transports finished well below their lower BBs.
Possible FP on the SPY: http://screencast.com/t/blnaDqhSrzp
Weekly rising trendline of support since the 2011 low looks certain to break Friday unless they some how pull a rabbit out of hat tomorrow and rally up above 2085-2090 SPX by the close: http://stockcharts.com/public/1092905/chartbook/312846787
Shemitah will be a bottoming zone… should look similar to September 2011.
As you said Red….They won’t wait til September. It will be done by then.
Remember gang that the insiders tell their buddies on the street where the market is going to prior to it happening so they can take a position beforehand. Such was the case of the 2010 Flash Crash. Insiders were told the low at 15 minutes to midnight the day before it happened. They used ritual numbers too… like 66.6667 for the StochasticFull reading as well as another “Eleven” code in the 1056 low (5+6 = 11, and with the other 1 you have 111). https://www.flickr.com/photos/reddragonleo/5382190713/in/datetaken/
That would be freaky for sure! Possibly we drop to 2043 SPX Friday morning and hit 6.66 on the TVIX at the same time? Or maybe it closes at that today as you suggested?