I say between DJIA 10400-10450. That should be enough to get the vix to 24.10. And, that will be above the 200 MA so all bulls will get long and all bears will have covered.
There is also the “10 point” un-spoken rule (that Keirsten reminded me of), that says that the market will exceed or fall short of a known point of interest, when everyone is expecting that level too be tagged.
Most people are now expecting two different levels to be hit. One is the 1120 area as it where the 50ema is on the daily. The other is the 1140-1150 area as that where the right shoulder would be for the huge H&S pattern forming on the daily chart.
So, it is likely that the market will either fall short or rise above either of those targets to fool both the bulls and bears alike. Where? Of course I don't know? Let me call Tim Geithner up on my Bat phone, and I'll tell you…. LOL
I say between DJIA 10400-10450. That should be enough to get the vix to 24.10. And, that will be above the 200 MA so all bulls will get long and all bears will have covered.
There is also the “10 point” un-spoken rule (that Keirsten reminded me of), that says that the market will exceed or fall short of a known point of interest, when everyone is expecting that level too be tagged.
Most people are now expecting two different levels to be hit. One is the 1120 area as it where the 50ema is on the daily. The other is the 1140-1150 area as that where the right shoulder would be for the huge H&S pattern forming on the daily chart.
So, it is likely that the market will either fall short or rise above either of those targets to fool both the bulls and bears alike. Where? Of course I don't know? Let me call Tim Geithner up on my Bat phone, and I'll tell you…. LOL
never before have i wanted them to take it up so badly.
Don't know if I posted this already today but I love his analysis.
http://blog.afraidtotrade.com/
Market wail against me… LOL! I think it's already done that.
thanks for the reminder.
for emini s&p last TRADING day in thurs. then the value is determined by “the open” of the cash s&P friday am usually in the 1st half hour
if held over night the market could theortetically wail against you
I wonder where the market will be at if this print is hit… Dow 20,000?
http://reddragonleo.com/wp-content/uploads/2010…
Well, there's nothing stating that it will be hit today or tomorrow, as you never know when they will they will be hit?
I still have the 100.72 spy sell that went through in afterhours from last week. When will it be hit?
http://reddragonleo.com/wp-content/uploads/2010…
Friday but uses Thurs VIX.