I don't know what the best way to chart this (see link) but I know that we are at the ISEE levels and the 10 day moving level average (mole has said why this is significant) not yet seen since before the crash in 2007. Thoughts anyone? http://www.ise.com/WebForm/viewPage.aspx?catego…
Because I believe Sundancer knows more than I do. That and the fact that this market has been overbought for a while now and it doesn't seem to matter. I will re-enter the puts next week if it makes sense.
TNA opened up 0.25%. Monday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 1.6% at the high, and closed up 1.4%.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls has TNA with a Confirmed Buy signal yesterday. This trade bought TNA at $56.50, and closed today at $60.26, up 6.6%.
Volume for TNA today was about average for the past 23 days.
$RVX (VIX for $RUT) was down 2.5 % today with TNA up 1.4%. No divergence.
TNA has now been up 6 of the last 12 days. Chop generally. Drifting higher.
The high for TNA yesterday was $60.58, the highest TNA price since November of 2008. The high today was $60.40, off 0.3% from that high.
Ultimate Oscillator for TNA rose from 60 to 63 today on a up day. A reading of 63 is Good for TNA.
MACD on the monthly chart crossed over to the upside 4 days ago and has been flat since. Mildly good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle touched the mid Bollinger line and closed below that line. MACD seems to be topping. Looks like $RVX might fall tomorrow. Good for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT closed below the top Bollinger Band. It looks like $RUT may be riding the top Bollinger Band higher. MACD may be working back up. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle closed below the upper Bollinger Band, after a close three days ago above that band. The upper Bollinger Band is rising. Looks $RUT could keep rising. Good for TNA.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market was $662 million flowing into the market. Bullish – Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
after SPX 1192.22 was violated on a 3 min close algos puked over themselves
that level is the purple containment on the weekly, it has big implications. It makes the open on Monday all the more important, *if* there is a gap below $SPX 1192.22, then it makes things really intriguing
I don't know what the best way to chart this (see link) but I know that we are at the ISEE levels and the 10 day moving level average (mole has said why this is significant) not yet seen since before the crash in 2007. Thoughts anyone?
http://www.ise.com/WebForm/viewPage.aspx?catego…
Sundancer, I am in cash now. If we gap down below 1192.22 on Monday, what does that suggest?
Because I believe Sundancer knows more than I do. That and the fact that this market has been overbought for a while now and it doesn't seem to matter. I will re-enter the puts next week if it makes sense.
At this point Sun… I'm puking all over myself!
chart http://www.screencast.com/users/Annamall2/folde…
Do you have a chart of what happen on November of 08?
Do you have a chart of what happen on November of 08?
TNA opened up 0.25%. Monday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 1.6% at the high, and closed up 1.4%.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls has TNA with a Confirmed Buy signal yesterday. This trade bought TNA at $56.50, and closed today at $60.26, up 6.6%.
Volume for TNA today was about average for the past 23 days.
$RVX (VIX for $RUT) was down 2.5 % today with TNA up 1.4%. No divergence.
TNA has now been up 6 of the last 12 days. Chop generally. Drifting higher.
The high for TNA yesterday was $60.58, the highest TNA price since November of 2008. The high today was $60.40, off 0.3% from that high.
Ultimate Oscillator for TNA rose from 60 to 63 today on a up day. A reading of 63 is Good for TNA.
MACD on the monthly chart crossed over to the upside 4 days ago and has been flat since. Mildly good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle touched the mid Bollinger line and closed below that line. MACD seems to be topping. Looks like $RVX might fall tomorrow. Good for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT closed below the top Bollinger Band. It looks like $RUT may be riding the top Bollinger Band higher. MACD may be working back up. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle closed below the upper Bollinger Band, after a close three days ago above that band. The upper Bollinger Band is rising. Looks $RUT could keep rising. Good for TNA.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market was $662 million flowing into the market. Bullish – Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TNA.
*dangerous* market is a good adjective to describe the current situation
the amount of pressure building reminds me of Nov. 08' OPX
after SPX 1192.22 was violated on a 3 min close algos puked over themselves
that level is the purple containment on the weekly, it has big implications. It makes the open on Monday all the more important, *if* there is a gap below $SPX 1192.22, then it makes things really intriguing