That late Friday drop in VIX really bugged me, but I think it's OK, third hit on the lower TL of a falling wedge if you look at a ten day chart.
Any gap up will likely fail very quickly Monica. I wouldn't worry too much about it.
One more thing – that VIX print of 24 continues to lurk in my mind. Hopefully it doesn't get there before the sh*t really hits the fan.
Very good post red. I have my fingers crossed but am afraid of a very big gap up to scare us out first. Anyway, I am sticking with my conviction.
Thanks Rati…
I have another one showing 20.16 spy. That one is even lower. Wow! If the spy ever gets that low, we really will be in the great depression two.
Red, good post. Saw this SPY false print last night and thought you might be interested: http://therationalnational.blogspot.com/2010/06…
Have a good one!
Thanks Z… I appreciate that.
Most of my peeps, don't understand June Gloom theory, so I posted your WU 6-12 Youtube link …at my site. I betcha they get it now!
NFLX short 119, looking for a pullback to 110 or retest of 100, I have JULY 120 puts 7.15, using a 20% stopDECK is another full price recovery, I'm looking at.
I think the big move is coming after opx Eric. Your FAZ should skyrocket then… assuming the market falls as I expect it too?
That late Friday drop in VIX really bugged me, but I think it's OK, third hit on the lower TL of a falling wedge if you look at a ten day chart.
Any gap up will likely fail very quickly Monica. I wouldn't worry too much about it.
One more thing – that VIX print of 24 continues to lurk in my mind. Hopefully it doesn't get there before the sh*t really hits the fan.
Very good post red. I have my fingers crossed but am afraid of a very big gap up to scare us out first. Anyway, I am sticking with my conviction.
Thanks Rati…
I have another one showing 20.16 spy. That one is even lower. Wow! If the spy ever gets that low, we really will be in the great depression two.
Red, good post. Saw this SPY false print last night and thought you might be interested: http://therationalnational.blogspot.com/2010/06…
Have a good one!
Thanks Z… I appreciate that.
Most of my peeps, don't understand June Gloom theory, so I posted your WU 6-12 Youtube link …at my site. I betcha they get it now!
NFLX short 119, looking for a pullback to 110 or retest of 100, I have JULY 120 puts 7.15, using a 20% stop
DECK is another full price recovery, I'm looking at.
I think the big move is coming after opx Eric. Your FAZ should skyrocket then… assuming the market falls as I expect it too?