Gang, only 14 people voted… a real disappointment. Between a 1,000 and 2,000 people read the blog daily, so I know there is more people out there to vote. Please take the time to answer the question on the poll to the right here>>>>
All short term charts getting oversold, which leads me to believe we will breakout to the upside tomorrow. I’m not taking any positions until we hit a double top (and a slight pierce).
Most of the time, when they tick down FPs on a short-term chart, those are buy levels, so theoretically one should have been accumulating puts the last few days under those FP ticks. BUT, the big warning is that interpreting it is an art, I’m just going on the patterns I see, and this is the common pattern in FPs.
There is usually an initial overshoot of the FP but then an explosion in the instrument. The key test will be the next few days to see if VIX pops.
the bernake ~ also know as chairsaatan ~ is speaking tonight at 7 pm at an atlanta fed conference……. i am sure the time is on your invite, check it again to be sure!! :-))
One Thousand!?
that’s it, i’m gonna shut my mouth.
no need to confirm I’m a fool!
🙂
I guess many people did not realize it
Gang, only 14 people voted… a real disappointment. Between a 1,000 and 2,000 people read the blog daily, so I know there is more people out there to vote. Please take the time to answer the question on the poll to the right here>>>>
Thanks, Red
Mr. TopStep…
http://www.youtube.com/watch?v=HhyuF9GDF14&feature=youtu.be
All short term charts getting oversold, which leads me to believe we will breakout to the upside tomorrow. I’m not taking any positions until we hit a double top (and a slight pierce).
Richie – I actually saw that time posted but it seemed weird so I thought it was wrong… expecting afternoon usual time
CNBC saying 1333 is the number to watch… double of the low from Mar 09…
CNBC anchor…
“Low volume”
LOL
Not exactly.
Most of the time, when they tick down FPs on a short-term chart, those are buy levels, so theoretically one should have been accumulating puts the last few days under those FP ticks. BUT, the big warning is that interpreting it is an art, I’m just going on the patterns I see, and this is the common pattern in FPs.
There is usually an initial overshoot of the FP but then an explosion in the instrument. The key test will be the next few days to see if VIX pops.
dee,
the bernake ~ also know as chairsaatan ~ is speaking tonight at 7 pm at an atlanta fed conference……. i am sure the time is on your invite, check it again to be sure!! :-))