LOL… if Anna’s FP comes too, we are all in big trouble! I only state the we will likely hit that spy FP this year sometime… not today or tomorrow. I don’t know when it’s going to hit, but when the daily chart finally bottoms and rolls back up, I believe that will be the upside target. For now it seems the trend is down.
Well if you look at daily chart… higher high, higher low, bullish moving average trio aligned (for some time) a clean break above all moving averages including today’s move above the 200.., SAR, MACD, DMI line flat but bullish, ADX rising, still heading to upper BB band – not there yet, RSI only just above 60 – has alot of room to move up… I think all things extremely bullish on this chart… just have to see how we close today I guess.
Always on the lookout for headfakes.
Everyone I know started talking about going long, so I went shorter, so far, so good. I mean, are we to take a FP after the market seriously, which is quite often erroneous, or the two RUT FP’s that Anna posted and spotted?
It wasn’t a post Dee. Jim just comments here from time to time, and covers the VIX moves. I don’t remember how much (on a percentage) it has too move before the odds are high that it will do the same the next day?
Jim knows more about those numbers then I do, and I was wondering if it’s hit a level that means a continuation move tomorrow is likely or not?
Yeah… and I’m sitting in cash! Go figure! I sold my puts at the open this morning. Bummer.
Red, maybe just maybe admit this might be what you have been waiting for! LOL
LOL… if Anna’s FP comes too, we are all in big trouble! I only state the we will likely hit that spy FP this year sometime… not today or tomorrow. I don’t know when it’s going to hit, but when the daily chart finally bottoms and rolls back up, I believe that will be the upside target. For now it seems the trend is down.
All major indices trading below 50ma… very bearish
and with VIX up like 12%!!!! I think we can expect more downside.. JMHO
Well if you look at daily chart… higher high, higher low, bullish moving average trio aligned (for some time) a clean break above all moving averages including today’s move above the 200.., SAR, MACD, DMI line flat but bullish, ADX rising, still heading to upper BB band – not there yet, RSI only just above 60 – has alot of room to move up… I think all things extremely bullish on this chart… just have to see how we close today I guess.
Always on the lookout for headfakes.
Everyone I know started talking about going long, so I went shorter, so far, so good. I mean, are we to take a FP after the market seriously, which is quite often erroneous, or the two RUT FP’s that Anna posted and spotted?
I went for Anna.
It wasn’t a post Dee. Jim just comments here from time to time, and covers the VIX moves. I don’t remember how much (on a percentage) it has too move before the odds are high that it will do the same the next day?
Jim knows more about those numbers then I do, and I was wondering if it’s hit a level that means a continuation move tomorrow is likely or not?
Missed that post – what was he saying?
Jim Hobson talks about the vix and it’s “percentage” move. I wonder what he’s thinking?
VIX broke thru the 200ma on the daily chart… that is big if it can close above it.