Yes indeed my friend… once in many lifetime events are happening. I didn’t get a chance to do a video update tonight, but I’m looking for a rally into the 9th or 10th of next week. Then more down. I’ll do one tomorrow (maybe in the morning).
I still have an old FP of 885 spx, so that could be the bottom of the first major wave down? Then up into October for major wave 2, and finally down again for major wave 3 starting the week of October 23rd. Sounds like a good plan too me… LOL
Damn Red, you’re right. If you go back to 1990, there’s also support – if you estimate where this support & the S&P will hit – between 1050 & 1100 in the S&P.
Just the the Qs print from AH yesterday. No other downward ones I can see in recent history.
On 06-16-2011, the VXX hit 26.88… maybe that’s the target before a bounce?
The high today so far in the VIX is right below 25.50 which was an area it recently closed a gap down it created in March – interesting.
http://rocsinvestmentaccount.webs.com/
VXX keeps rising… not good. Something we don’t know maybe? How about the One Billion Dollar bet that the US defaults?
ES Unable to change the trend: http://niftychartsandpatterns.blogspot.com/2011/08/es-unable-to-change-trend.html
Yes indeed my friend… once in many lifetime events are happening. I didn’t get a chance to do a video update tonight, but I’m looking for a rally into the 9th or 10th of next week. Then more down. I’ll do one tomorrow (maybe in the morning).
These are historical times, indeed!
I still have an old FP of 885 spx, so that could be the bottom of the first major wave down? Then up into October for major wave 2, and finally down again for major wave 3 starting the week of October 23rd. Sounds like a good plan too me… LOL
Yes, I drew a trendline from 1995 to the present at the market hit it exactly today, and reversed… LOL!
Damn Red, you’re right. If you go back to 1990, there’s also support – if you estimate where this support & the S&P will hit – between 1050 & 1100 in the S&P.