Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
ballatines wrote:not quite sure why VIX is not shooting high today ~ are there anything that i missed? it make me think the market won't be too bad but it is not.
Cobra, to my eyes the big 2011 H&S is too perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).
Cobra, to my eyes the big 2011 H&S is too picture-perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).
Cobra, to my eyes the big 2011 H&S is too perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).
Cobra, to my eyes the big 2011 H&S is too picture-perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).
another key point here, bulls need a H2 to confirm the rebound.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Cobra, to my eyes the big 2011 H&S is too perfect, too state-of-the-art. Don't think the market is ready for a big bearish move. I see either a a) short covering rally to squeeze the hell out of the bears or b) or a bear-trap which would also result in a squeeze... But I'm just guessing, don't have any positions (yet).
After so many H&S top failures, I bet this time is different. we'll see.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
small double bottom, then strong bull bar on H2, hopefully, this rebound could go a little bit far.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
if my theory holds true, the rebound this time shall pass tinted area, therefore we'll have a double bottom.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.