That sets up the lowest possible cost for buying puts when we finally top. Just the way they like it. The 110.35 level was hit at 10:00, and bounce back up from it perfectly. Amazing to say the least.
Do you still see the 109.95 level being hit today, or is that not going to happen today?
The one VIX spike in janaury and the other VIX spike in february both back tested the $VIX's controlling trend line from 12/18/2006 and today it will take a miracle in order for it to close above it's 12/1/2008 trendline
I have a long term de-leverage area from many months back on the $VIX @ 16.26
Now what would be an ideal setup is if the $VIX back tests it's 10/2/2009 trendline on the daily around the 16.26 area, today the trendline is @ 17.63
That's my target to bailout then. After that gap gets closed, I guess we can expect a run up the rest of the day with a final close above 110.35, which I wouldn't be surprised if they put in a new high.
That looks like it needs to be filled, but as you said, if the go that low next week, they might not be able to get back above 1116 for the monthly close. So, that gap should go unfilled until we start the crash down in March.
For today, is unlikely to go below 109.95 as you stated?
it took 40 periods for the SPY to hit it's 20ema on the 30 min
now the SPY is @ 25 periods without a hit of the 20 ema on the 60 and the ema is rising every period currently @ 110.14
watch these numbers on the 11:30 print SPY 111.05 and 110.94, the 160 & 240 are bunched together there
That sets up the lowest possible cost for buying puts when we finally top. Just the way they like it. The 110.35 level was hit at 10:00, and bounce back up from it perfectly. Amazing to say the least.
Do you still see the 109.95 level being hit today, or is that not going to happen today?
$VIX Weekly Setup
http://www.flickr.com/photos/47091634@N04/43699…
The one VIX spike in janaury and the other VIX spike in february both back tested the $VIX's controlling trend line from 12/18/2006 and today it will take a miracle in order for it to close above it's 12/1/2008 trendline
I have a long term de-leverage area from many months back on the $VIX @ 16.26
Now what would be an ideal setup is if the $VIX back tests it's 10/2/2009 trendline on the daily around the 16.26 area, today the trendline is @ 17.63
I added TZA at 9.21
Looking for any excuse to hedge with TNA, but so far RVX is rising, supporting TZA.
Earl, Does that mean you are going to just roll with it.
Sounds about right. Futures are ramping and the European markets have been open for about an hour.
Ok, thanks…
That's my target to bailout then. After that gap gets closed, I guess we can expect a run up the rest of the day with a final close above 110.35, which I wouldn't be surprised if they put in a new high.
the gap will get filled after the market forces all those people who shorted into the rabbit hole to close their positions
yesterday at the close the $SPX went and kissed the 240MA on the 60, $SPX 1097 should hold on a 120 print so that's about equal to the SPY 109.95 area
That looks like it needs to be filled, but as you said, if the go that low next week, they might not be able to get back above 1116 for the monthly close. So, that gap should go unfilled until we start the crash down in March.
For today, is unlikely to go below 109.95 as you stated?
i was going to show you this chart the other day
with the gap up on tuesday they left a whole bunch of people on an island that was created with the gap down on 2/4/2010
http://www.flickr.com/photos/47091634@N04/43698…