SPY: If not a LD it can still be a "corrective" reversal pattern as If my count is correct the pullback can be either a wave (II) of (3) or wave (4) of (C)
ClarkW wrote:Do you have data on other FOMC meetings?
proteus46 wrote:You can see what happened to Silver during the FOMC meeting on September 21, 2011.
I don't think they will announce or even suggest a QE3 on Wednesday, next week.
So keep going up silver, until Wednesday at noon next week.
Only the meeting dates in 2011, hope that helps:
January 25-26
March 15
April 26-27
June 21-22 dropped 6-22 thru 6-27
August 1 (unscheduled)
August 9 (dropped 8-9)
September 20-21
November 1-2 (dropped on 11-1 but rebounded 11-2)
November 28 (unscheduled)
December 13 - a nice drop on 12/13 and 12/14
BullTart wrote:Every so often, ZeroHedge will post a chart that's worth really taking a good look at...
This one is how the skew acts as a leading indicator of the vix.
Just sayin'.... currently long TVIX.
Weren't you that fella that cashed out $80k in profit from TVIX a few months back? I remember someone posted their trade on Daneric.
Yup, that was a great trade.
Back in again for some more, but not expecting the same kind of gains... at least, not for now. When the correction in equities occur, how equities react to said correction, and if there is a retest of the high will be the key to add positions or take profits.
financial leading this market up and the leader is BAC this got me go hmm...anyways if financial not ready to give this rally will continue sideways for a while, GOOG already tell how bad the advertising side of thing, people just don't care to click ads anymore and business is pulling the ads left and right to preserve capital, earning is not all that good folks you can only lower the bar so much, I like INTC number by the way.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Petsamo wrote:News is probably coming out. I see whipsaw action
Good news or bad? Related to Greece? What whipsaw did you see?
You can see whipsaw in the IWM 1 min chart. There's probably no news, just the big boys stirring things up
I saw it. But it calms down later on.
BTW, is it possible they use index related ETF to pull the actual index up. Since once ETF goes up sharply, some HFT computers may capture the signal and buy the broad index. So it is the cheapest way to pull the market.
I believe it is pre-emptive pricing by iShares (owners of IWM). It takes a lot to influence the price of a diversified basket of stocks.
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Al_Dente..We just completed an inverse dome and it did its thing by going up to test the hi but did not break it ..Now we my form a reg. dome and if it forms we go down to test the lows and if it breakes the low we go lower.If the dippers come in and spoil it then all bets off.Lets see.
little fib info here. not much clue on the market. I think this rebound should be 2 legged, so should rebound soon.
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Bulkowski on wedgie:
Overall performance rank for up/down breakouts (1 is best): 20 out of 23; 17 out of 21
Break even failure rate for up/down breakouts: 11%; 15%
Average rise/decline: 32%; 15%
Throwback/pullback rate: 56%, 69%
Percentage meeting price target for up/down breakouts: 70%, 30%
More here: http://thepatternsite.com/fallwedge.html
THANK YOU KENA
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.