Well funny part was I seen he saying to Short Gold on a trade as of yesterday??????, but I already went Long Swing yesterday on the Metal miners. I say next week is when to look to short after a bounce. Will see how this unfolds!
Thanks, I’ll remember that, is USEFUL having that upfront knowledge!
I learned to not follow just one person, but use others opinions/charts & info as a crutch on what I’m studying at the time. Find many times to delete some sites I check, then add them back later down the road again!
Since we’ve made a higher high today odds are slim that today (Wednesday) will be the high for the week. Since the 1980’s any given Wednesday only puts in the high or low for that week 7% of the time… therefore there’s a 93% chance of a higher high on Thursday or Friday.
You point on the $VIX is interesting because leading into 2007 and starting 2007, Vix was under $10, even under $9 at a point!
Just did a new video update Doug… we “could” see a new high soon.
Possible New High Coming On The SPX (Refresh page for new video update) https://www.youtube.com/watch?v=NrW3R1IC6kA
I see a wedge forming & a squeeze to SPY 212.5 area
Leo, also see below my comment on Metal Miners
Well funny part was I seen he saying to Short Gold on a trade as of yesterday??????, but I already went Long Swing yesterday on the Metal miners. I say next week is when to look to short after a bounce. Will see how this unfolds!
Planning on transferring into some Bear/Vix Funds this afternoon.
Even though I believe like you we will have an attempt to run up higher Thursday.
No one gets them all right. If they tell you they do then run like hell…
Thanks, I’ll remember that, is USEFUL having that upfront knowledge!
I learned to not follow just one person, but use others opinions/charts & info as a crutch on what I’m studying at the time. Find many times to delete some sites I check, then add them back later down the road again!
Possibly Facebook after earnings play: http://screencast.com/t/shaY0XSNIn
Since we’ve made a higher high today odds are slim that today (Wednesday) will be the high for the week. Since the 1980’s any given Wednesday only puts in the high or low for that week 7% of the time… therefore there’s a 93% chance of a higher high on Thursday or Friday.