My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Yes, Boss VIXIES are with Bulls, but hasn't been able to push up the market only stopping it from falling!
I am disappointed that bulls chose the Qs instead of the smalls ….I do not like the divergence btwn IWM price and the RVX (see pink)
Note: inverted VIX panel, 5min, pierced bolinger, that’s usually as good an excuse as any for a bounce…(see green)
Also top panel there is not enough power for bears yet
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
rebound as expected but weaker than I thought. wait.
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.
uempel wrote:
No, I only use color to distinguish the different ellipses. They often overlap and then I use color...
uempel wrote:MrMiyagi - this is for you
Ah excellent, I appreciate that.
One more... what are the time signals based on?
The best ellipses are those with many points of contact, preferably important points of contact. The ellipse then shows actio/reactio on the surface of the ellipse. As soon as if breaks out of that area there is a strong move...
The theoretical basis is Newton's 3rd mechanical law. Some guys might think this is over the edge, but actually it's hardly different than a regular TA channel - difference is that it's not reduced to the y-axis (as in a regular channel), but for the x-axis too...
By the way, my drawing of the green ellipse was skewed..
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.
uempel wrote:
No, I only use color to distinguish the different ellipses. They often overlap and then I use color...
uempel wrote:MrMiyagi - this is for you
Ah excellent, I appreciate that.
One more... what are the time signals based on?
The best ellipses are those with many points of contact, preferably important points of contact. The ellipse then shows actio/reactio on the surface of the ellipse. As soon as if breaks out of that area there is a strong move...
The theoretical basis is Newton's 3rd mechanical law. Some guys might think this is over the edge, but actually it's hardly different than a regular TA channel - difference is that it's not reduced to the y-axis (as in a regular channel), but for the x-axis too...
By the way, my drawing of the green ellipse was skewed..
The attachment 90.png is no longer available
uempel, can you post your daily for my reference if you got time.
I've been toying with the arc like this one, just want to see.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.