It can drift down on low volume like it used to drift up. I am in cash now although my GUESS is that we may go even lower. However, I will accept my loss and move on. I have been short a long time and was hoping to break even. I came close. Lesson learned: Stay away from levered funds.
Triangle in half hour chart
http://niftychartsandpatterns.blogspot.com/2010…
Vixes are neg so it should bounce a bit.
Bought a little TNA just now just in case.
It can drift down on low volume like it used to drift up. I am in cash now although my GUESS is that we may go even lower. However, I will accept my loss and move on. I have been short a long time and was hoping to break even. I came close. Lesson learned: Stay away from levered funds.
Turn up, or down?
This is weird in my book. Vixes are still negative. This is going to turn in a bit.
Yeah… it's seems more likely that we crash today, instead rally. Go figure? Just goes to show you how hard it is to predict the market. LOL
I remember throughout 09 overbought signal remained seemingly forever before Oct hit.
Oversold signals can do the same.
at this point it may not break out. But if the low 1010 is not breached a move towards 1040 is possible still staying within the channel.
You thinking it's going to breakout to the upside, or fail and fall back down?
S&P 500 Hour Channel
http://niftychartsandpatterns.blogspot.com/2010…