PAGE JARBO
Thank u thank u
I saw VXV same…didn’t kno ratio; will study further, did I mention thank u
PS: I may have to vote u off my island (that one is joke)
if this is all the dip the bears can muster (though it's a bit more pronounced on the /ES), this will have been the weakest of the week (meaning last week and today) - and hardly a bearishly good sign.
Not my idea, but since he's an old friend of this board favorite thought I'd share it. My chart but Cougar had a tweet over the weekend on VELT (bullish). Working very well today...
Al_Dente wrote:PAGE JARBO
Thank u thank u
I saw VXV same…didn’t kno ratio; will study further, did I mention thank u
PS: I may have to vote u off my island (that one is joke)
not that one would ONLY use one indicator, but if the VIX:VXV ratio had been followed, one would have entered the market around 1211 on 12/12/2011...the total return to date would have been over 11.5% unlevered...just say'n.
ClarkW wrote:Not my idea, but since he's an old friend of this board favorite thought I'd share it. My chart but Cougar had a tweet over the weekend on VELT (bullish). Working very well today...
how come he doesn't post his ideas here anymore?...that sucks...
not that i follow his trades to the T...but he has put me onto a couple of great ideas...
rebound exactly from EMA20. let's see how far it can go.
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jarbo456 wrote:if this is all the dip the bears can muster (though it's a bit more pronounced on the /ES), this will have been the weakest of the week (meaning last week and today) - and hardly a bearishly good sign.
Bears still have chances, but no question I have my shorts on a tight leash at this point. Bears look weak and bulls look weak which generally favors the bulls.
ClarkW wrote:Not my idea, but since he's an old friend of this board favorite thought I'd share it. My chart but Cougar had a tweet over the weekend on VELT (bullish). Working very well today...
how come he doesn't post his ideas here anymore?...that sucks...
not that i follow his trades to the T...but he has put me onto a couple of great ideas...
I haven't talked to him (and don't know him) but it seemed to happen after the long, somewhat heated "non-trading" discussion two weeks ago. I'm just glad I found him on twitter
jarbo456 wrote:if this is all the dip the bears can muster (though it's a bit more pronounced on the /ES), this will have been the weakest of the week (meaning last week and today) - and hardly a bearishly good sign.
Bears still have chances, but no question I have my shorts on a tight leash at this point. Bears look weak and bulls look weak which generally favors the bulls.
i don't see much hope for the bears today --- internals do not look bearish at all. that said, range should be within ES 1343 and 1351 for the day based on VWAP. we get some volume and things may change.
Haven't posted in awhile due to busy distractions and no changes in positioning.
However, I shorted SPY in the premarket this morning at 135.50. This is a full position (not a pilot like the last time).
Basis for the position was a topping of the McClellan Summation Index.
Trend change is unconfirmed. So, the position may be early (again).
Stop is 138.32, but if the summation index resumes ascending, I would close before stop is reached.
This is an intermediate term trade. I am not particularly bearish at the moment, but Friday's close triggered this particular setup for me, so I am going with it.
we fulfilled the black bar then red the next bar part, now let's see if those dip buyers come in again to lift the market.
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lcgllc wrote:cobra , 5min showing bear flag, pendant or triangle...looks like continuation?
too early to say.
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Cobra wrote:rebound exactly from EMA20. let's see how far it can go.
will the bounce have two legs?
no idea.
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