Buckethead wrote:We saw this same thing during week of Thanksgiving too.
The herd loaded up long for a Santa Rally. We will have a rally once the herd dumps.
Maybe Thurs/Fri.
I would not look for a buy today. Today is first day VIX up, means the sheeple finally getting scared it is DAY 1.
I agree with you but by the time you and me load up long, we're already gapped up 60 points to 1268. They sure don't make it easy for people to join the St. Nick ride.
Last edited by minthan on Wed Dec 14, 2011 11:53 am, edited 1 time in total.
this is another damn moment. vix is not acting causing my hedge being ineffective.
market oversold. i think spx 1215 is a good defense area. the next will be 1200. in general i am looking for a reb to unwind
The goal is not uniformity. It is understanding and idea exchange.
gold is pretty ridiculous. the sell-off may not be as large in absolute dollar terms as the previous major drop, but it's seriously threatening a break below its 200MA. and it doesn't look like a capitulation crash to it either. there's much more purpose in the sell-off. i follow that gold bug gary dood...he just went in 30% on GDX with the tag of the 200MA, i'm not fully convinced though.
Intermediate Long. Took hedges off too soon. Ugh.
Market has moved toward max pain (SPY 121 I believe).
I should have known better.
If today's close is ugly, I may get a sell on mechanical model.
I have got a stop to throw hedges back on if necessary but would like to be patient through Opex.
No, if this is a typical break the trend line then back test before reversal, the pattern is too small to be a huge rebound, so I won't count on it.
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soku wrote:this is another damn moment. vix is not acting causing my hedge being ineffective.
market oversold. i think spx 1215 is a good defense area. the next will be 1200. in general i am looking for a reb to unwind
support. it's very rare to have 6 consecutive red bars, so I won't be too aggressive as a bear here, sell the bounce should be the way to go.
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Mr. BachNut wrote:Intermediate Long. Took hedges off too soon. Ugh.
Market has moved toward max pain (SPY 121 I believe).
I should have known better.
If today's close is ugly, I may get a sell on mechanical model.
I have got a stop to throw hedges back on if necessary but would like to be patient through Opex.
I'm eyeing noon, not sure what it's going to be, we'll have to check your chart at 11.59 am...
SP.png
Okay I’m synchronizing my watch
Let’s keep an eye on 1min spy for “covering spikes” you know, those sneaky vertical spikes
So far all bear
But vix went bonkers again?
keep posting, thanks prince uempel http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.