Some of my members had a great $$ week, including myself My daily guidance graph has proved itself valuable others at my yahoo group agree on FEb 16-17 high with a deep cut right after into the 25th. March will be a month to remember, especially for Red and all other bears, me too,gg, but do watch out for those 1 & 2 day miracle rebounds which always occur in strong downtrends. Jay
The $VIX set a new low for the week, while the indexes did not set new highs (exception: $RUT). SPY is holding pretty solidly at these higher levels after hours. It is a puzzling divergence. I think we have a big gap on Tuesday, up or down, don't know which. I kept a small amount of TZA calls, hedged with a small amount of SPY calls.
I clearly have not seen the big picture here, as I must be reading the charts wrong. I do appreciate your posts. You have been right on this move higher, as I wasn't.
It seems the bulls can keep pushing this until all the bears are gone. What did you think of the closing action? Lots of buyers came in and pushed the tape higher afterhours.
Does that usually mean a follow through the next week, or a fakeout?
a lot can be learned by observing by general of the bull army AAPL
while the market made new lows on 2/5/2010 AAPL didn't break it's 1/29/2010 lows, that was the first of many clues indicating the 2/5/2010 lows were manufactured
now on the weekly AAPL is at a critical juncture, it closed the week right under a dominant trendline from 9/22/2008, the weekly open on tuesday will give clues as to where the general of the bull army is leading everybody else http://www.flickr.com/photos/47091634@N04/43525…
last night i was looking for a 6-9 pt gap based on 3 inputs and we got a 11 pt gap
the same 3 inputs gives me a 13-17 pt gap potential given the closing setup, the way to read this output is the closing conditions of the market are fertile for above average volatility of the following open
if the SPY gap is above 109.03, it'll be a squeeze until 110.34 (crash gap 9/29/2008) some dancing around there for a while, maybe a days worth of dancing but that level will fall also
The close of the market today ended this Full Moon Trade. [ After eleven days, this trade is UP 0.8% ]
The New Moon Trade, generally a positive for TZA, has started.
RVX (VIX for RUT) spiked up at the open, then fell all day, closing 1.2% lower.
TZA has been down four days in a row, the last two days with large red candles. Overall, it looks like TZA should fall again on Tuesday.
However, the switch from one moon trade to the other has in the past shifted the momentum of TNA & TZA, so the expectation is instead for an up day for TZA.
I'm glad you had a good week Jay. Mine is horrible.
Some of my members had a great $$ week, including myself
My daily guidance graph has proved itself valuable
others at my yahoo group agree on FEb 16-17 high with a deep cut right after into the 25th.
March will be a month to remember, especially for Red and all other bears, me too,gg, but do watch out for those 1 & 2 day miracle rebounds which always occur in strong downtrends.
Jay
The $VIX set a new low for the week, while the indexes did not set new highs (exception: $RUT). SPY is holding pretty solidly at these higher levels after hours. It is a puzzling divergence. I think we have a big gap on Tuesday, up or down, don't know which. I kept a small amount of TZA calls, hedged with a small amount of SPY calls.
I clearly have not seen the big picture here, as I must be reading the charts wrong. I do appreciate your posts. You have been right on this move higher, as I wasn't.
It seems the bulls can keep pushing this until all the bears are gone. What did you think of the closing action? Lots of buyers came in and pushed the tape higher afterhours.
Does that usually mean a follow through the next week, or a fakeout?
a lot can be learned by observing by general of the bull army AAPL
while the market made new lows on 2/5/2010 AAPL didn't break it's 1/29/2010 lows, that was the first of many clues indicating the 2/5/2010 lows were manufactured
now on the weekly AAPL is at a critical juncture, it closed the week right under a dominant trendline from 9/22/2008, the weekly open on tuesday will give clues as to where the general of the bull army is leading everybody else
http://www.flickr.com/photos/47091634@N04/43525…
numbers are derived from data mining
last night i was looking for a 6-9 pt gap based on 3 inputs and we got a 11 pt gap
the same 3 inputs gives me a 13-17 pt gap potential given the closing setup, the way to read this output is the closing conditions of the market are fertile for above average volatility of the following open
if the SPY gap is above 109.03, it'll be a squeeze until 110.34 (crash gap 9/29/2008) some dancing around there for a while, maybe a days worth of dancing but that level will fall also
Sun, What do you think if we gap up and fill. Then what?
Thanks Earl
TNA closed up 2.2% today.
Volume today for TNA was normal.
The close of the market today ended this Full Moon Trade.
[ After eleven days, this trade is UP 0.8% ]
The New Moon Trade, generally a positive for TZA, has started.
RVX (VIX for RUT) spiked up at the open, then fell all day, closing 1.2% lower.
TZA has been down four days in a row, the last two days with large red candles. Overall, it looks like TZA should fall again on Tuesday.
However, the switch from one moon trade to the other has in the past shifted the momentum of TNA & TZA, so the expectation is instead for an up day for TZA.