those of you who have been around this rodeo for the 00' high, 02' low, 07' high, 09' low know how to identify the perfect storm
we're getting close to our quota of liquidated speculative capital
$SPX was rejected @ it's containment pt. this morning $VIX has not made new lows since last Friday when it hit it's terminal de-leverage pt. of 16.26
the AAPL orchard is getting ready to harvest the crops that were planted back in 1/09' as it has reached it's quota
I'll run the numbers this weekend but the continued upward trend this week is going to put the $SPX somewhere in the top 10 percentile probability for reaching it's terminal value
these 10 pt. gyrations will probably continue through tomorrow
I'm proud of you! If it doesn't turn around in the next couple of days you can get out but meanwhile, you have to give it a chance. I think it will be the best trade you ever took in the end.
Everyone thinks this will be a slight correction again with a push higher after that. That's what makes me think it will continue down. However, I am no longer stupid and will cover my positions when I get the opportunity.
Dreadwin, really like your charts so thanks again. Your chart fits well with the $NYMO and the aroon indicator (springheel jack has showed this before) and I have never seen the $NYMO fail. We shall see.
Here is a IYT : SPY plot over the past years. The relationship is all over the lot. On what basis do you claim SPY needs to be confirmed by IYT? IYT outperformed SPY in 08, right up to the crash. There is a confirmation that went burst in major way.
To answer your question: There is no specific time period. Each case is different. Each situation is different. What we need to do, with EVERY INDICATOR, PATTERN, TOOLS, WAVE COUNTs, and whatever esle, is to look back into the past, amd see how they had hold up under different market condition.
Okay — how much of a time lag do you think is prudent? IYT set a high in Jan, same day as SPY (and did not confirm the later higher high set by DIA and $RUT), set a recent low the same day as SPY in Feb.
the trade winds are beginning to blow harder
those of you who have been around this rodeo for the 00' high, 02' low, 07' high, 09' low know how to identify the perfect storm
we're getting close to our quota of liquidated speculative capital
$SPX was rejected @ it's containment pt. this morning
$VIX has not made new lows since last Friday when it hit it's terminal de-leverage pt. of 16.26
the AAPL orchard is getting ready to harvest the crops that were planted back in 1/09' as it has reached it's quota
I'll run the numbers this weekend but the continued upward trend this week is going to put the $SPX somewhere in the top 10 percentile probability for reaching it's terminal value
these 10 pt. gyrations will probably continue through tomorrow
Carl is now Long one unit at 1167.25
I'm proud of you! If it doesn't turn around in the next couple of days you can get out but meanwhile, you have to give it a chance. I think it will be the best trade you ever took in the end.
Everyone thinks this will be a slight correction again with a push higher after that. That's what makes me think it will continue down. However, I am no longer stupid and will cover my positions when I get the opportunity.
AAPL down on relatively big QQQQ up day. Interesting. Keeping the faith.
Dreadwin, really like your charts so thanks again. Your chart fits well with the $NYMO and the aroon indicator (springheel jack has showed this before) and I have never seen the $NYMO fail. We shall see.
Carl broke his silence. No trade though.
Just to say he sees /ES dropping to the 1165-1168 area before marching higher.
1175 now, so that's a 7-10 point drop from here.
I Bought some TZA at $6.74. Selling it at $6.69.
That's my trading plan.
No idea what I will do if it goes up.
http://stockcharts.com/h-sc/ui?s=IYT:SPY&p=D&yr…
Here is a IYT : SPY plot over the past years. The relationship is all over the lot. On what basis do you claim SPY needs to be confirmed by IYT? IYT outperformed SPY in 08, right up to the crash. There is a confirmation that went burst in major way.
To answer your question: There is no specific time period. Each case is different. Each situation is different. What we need to do, with EVERY INDICATOR, PATTERN, TOOLS, WAVE COUNTs, and whatever esle, is to look back into the past, amd see how they had hold up under different market condition.
http://stockcharts.com/h-sc/ui?s=IYT:SPY&p=D&st…
Look at Sept 2006. IYT not confirming SPY. Yet, SPY continued to rally.
Okay — how much of a time lag do you think is prudent? IYT set a high in Jan, same day as SPY (and did not confirm the later higher high set by DIA and $RUT), set a recent low the same day as SPY in Feb.