waverider wrote:knock, I'd wait for a good bull reversal bar otherwise wouldn't buy
would you short ?
No way, in hindsight, that three push up, rising wedge, and shooting star candle on VXX would have been an excellent short at 7:45. Looks like there's more support than resistance here.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
well, guess that's it for today. thank you guys, I'll see you tomorrow.
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Al_Dente wrote:ATTENTION BOND FOLKS
Those of you looking for crossover MAs on bond charts as a signal to sell bonds/buy stock, may have been frustrated by our trusty “Stock/Bond Ratio” chart, which signaled THREE crossover whipsaw signals in the past three months [Caveat: the standard “Stock/Bond Ratio” is a traditional “Trend-Follower” ratio; the MA crossovers were Al Dente kool-aid, other folks use other MAs etc] http://stockcharts.com/h-sc/ui?s=SPY:$U ... =248495909
For whatever reasons, the ratio of short term gov debt (YIELD not price) to long term gov debt (YIELD not price) has over the last 14 years given only THREE valuable crossover signals. http://stockcharts.com/h-sc/ui?s=$UST2Y ... listNum=15
Here’s the rub: the chart above DOES NOT YET show a “sell bonds/buy stocks” crossover (like the stock/bond ratio does, with its frustrating whipsaws).
I don’t understand this new ratio well enough yet, but the THREE signals given in the last 14 years cannot be ignored. I am just posting it here requesting comments from smart folks….
Dear Dr. Al, can not so smart folks answer or comment? I just did a little fixing at the last buy and sell area.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
There is a potential Ending Diagonal that could establish the bottom of a wave (A)
If it plays out then the wave (B) rebound could targget the 1.3548 area