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BullTart wrote:Since I've been playing the VIX (via long TVIX positions), I'll tell you, I think it is getting ready for another spike up... I noticed that the BBs are coiling up now as it refuses to go down and stay down... we're also levitating above the blue median line of the BBs...
most importantly, the VIX in the past has shown the "echo" effect where after an initial spike up, there is another major spike, "echo-ing" the first spike.
I thought we had the echo effect already, but it has not stayed down.
this is telling me that we haven't seen the high for the VIX yet... it is still coming, and it may at that point then generate the real "echo" high after which it will finally subside.
Bull tart. I don’t see it yet, VIX failed above 40 again yest, now kind of close to a bear cross (bull spy) on my best 50/200sma on the 5 min. She may need a breather here before another push up.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
seriously...-_- the bears AND the bulls suck. only winners here are the brokers making commission on my flippity flip flop trading.
Amin to what you said. I am looking at the tape of time of sell, I see the green candle sticks but I don't really see REAL buying occurs. I see here and there few green block of buying.
It seems it is more like shoet and short to cover.
Fas the only one that I see few blocks real buying but I don't understand WHY?????
i covered for a little profit...thought we were going to bounce off the MA and shoot for today's highs again. guess i'm wrong and now of course it drops more after i covered.
SPY 60 min gave a short swing BUY signal, with simultaneous confirmation (yellow vertical line).
However, as a longer swings player, I stay hedged and wait for a conversion of this signal into a “steady UP” - above 118.
cougar wrote:SPY 60 min gave a short swing BUY signal, with simultaneous confirmation (yellow vertical line).
However, as a longer swings player, I stay hedged and wait for a conversion of this signal into a “steady UP” - above 118.
Thanks for the chart. So if you were long you would hold into the close regardless of the movement on the close?
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"