One thing for sure… August 24th is just a few days away and “if” there’s going to be a move up to 110 on the VXX it would be caused by a false flag on that day. I only pray I’m wrong on that prediction.
Only time is going to tell….my thoughts are sounding even crazy to me but considering the amount of shorts in VIX products….I’ll take the 110. All smart money is out and they are not buying until there is true value again. With the economy worldwide in the crapper, what number would make sense?
Those fake prints on VXX really don’t look out of reach considering the conditions at hand. Bidless markets, non existence of a true correction for years, indices needing to play catch up with stocks not to mention the China syndrome. This looks to me as a shorting opportunity that happens about once in a decade. The VXX and it’s ETN’s could be VERY EXPLOSIVE seeing the complacency in markets for so long…an adjustment looks due. Enjoy this ride….True Opportunity to go long coming.
Actually my Lucy 711 date was today (111weeks6days…multiply those numbers).
I am either looking for a 5% down day tomorrow to follow one model, …..or
possibly a gap down and then rally the rest of the day back into the positive to follow another model…
I actually favor the latter scenario since most technical indicators aren’t that oversold right now and a certain little indicator needs to head furthur south and break its low from a month ago. Most indices other than the Nasdaq and the already progressing Transports finished well below their lower BBs.
Weekly rising trendline of support since the 2011 low looks certain to break Friday unless they some how pull a rabbit out of hat tomorrow and rally up above 2085-2090 SPX by the close: http://stockcharts.com/public/1092905/chartbook/312846787
LOL…guessing this is an old photo 🙂
Not sure what to say here… but this hat looks good. http://reddragonleo.com/wp-content/uploads/2010/08/Dow4000.jpg
One thing for sure… August 24th is just a few days away and “if” there’s going to be a move up to 110 on the VXX it would be caused by a false flag on that day. I only pray I’m wrong on that prediction.
Only time is going to tell….my thoughts are sounding even crazy to me but considering the amount of shorts in VIX products….I’ll take the 110. All smart money is out and they are not buying until there is true value again. With the economy worldwide in the crapper, what number would make sense?
Well, the VXX had 2 different prints though… so which one is correct?
Those fake prints on VXX really don’t look out of reach considering the conditions at hand. Bidless markets, non existence of a true correction for years, indices needing to play catch up with stocks not to mention the China syndrome. This looks to me as a shorting opportunity that happens about once in a decade. The VXX and it’s ETN’s could be VERY EXPLOSIVE seeing the complacency in markets for so long…an adjustment looks due. Enjoy this ride….True Opportunity to go long coming.
Actually my Lucy 711 date was today (111weeks6days…multiply those numbers).
I am either looking for a 5% down day tomorrow to follow one model, …..or
possibly a gap down and then rally the rest of the day back into the positive to follow another model…
I actually favor the latter scenario since most technical indicators aren’t that oversold right now and a certain little indicator needs to head furthur south and break its low from a month ago. Most indices other than the Nasdaq and the already progressing Transports finished well below their lower BBs.
Possible FP on the SPY: http://screencast.com/t/blnaDqhSrzp
Weekly rising trendline of support since the 2011 low looks certain to break Friday unless they some how pull a rabbit out of hat tomorrow and rally up above 2085-2090 SPX by the close: http://stockcharts.com/public/1092905/chartbook/312846787
Shemitah will be a bottoming zone… should look similar to September 2011.