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On an hourly regular chart, the VIX is at a double bottom.... be careful.L_T wrote:What are people's thoughts on the VIX? My chart has it obviously closer to bottoming than topping, however Cobra would call that "front running" which I agree could be dangerous here.
Rich Arab are you still having drinks at Trader VIX or has the lowered cover charge < 40 allowed too many seedy characters in?
Funny note: I was at the beer/liquor store a couple of weeks ago and saw Trader Vic's branded rum and thought of this board. Does that mean I spend too much time here?
Could this dip or pause be bought? Still expect more up?Cobra wrote:measured move target and trendline resistance here. I think more up.
LOL same here I talk alot but said nothing TNX is not happy like others why?Al_Dente wrote:Clear mixed signals, internals multiple days (sorry, still using SPY not SSO), but NYADV >2000 = bull
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
When in doubt, Al goes with cobra’s measured move target (when NOT in doubt, Al goes with cobra’s measured move tartets)
FOLKS THERE IS SOME SERIOUS WISDOM ALL OVER THIS BOARD TODAY, PAY ATTENTION
(PS: and it ain’t coming from me)
So you are looking at 1231.04 vs 1227.43. With my increased positions, just a hair in the red today. I know it doesn't seem real right now, but I still beileve we have a gap close coming, but I won't let this run away from me.StrikePrice wrote:If we make a higher high on $SPX before falling below 1,227.43 I'm out of my shorts and in the BULL camp.
maintain the target.dr659 wrote:Could this dip or pause be bought? Still expect more up?Cobra wrote:measured move target and trendline resistance here. I think more up.
Target looks to be 45.25 ishCobra wrote:maintain the target.dr659 wrote:Could this dip or pause be bought? Still expect more up?Cobra wrote:measured move target and trendline resistance here. I think more up.
Uncle Al, your internals are being used by some smart hats here (not so much me). I think that goes to show that you're on to something with that.Al_Dente wrote:Clear mixed signals, internals multiple days (sorry, still using SPY not SSO), but NYADV >2000 = bull
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
When in doubt, Al goes with cobra’s measured move target (when NOT in doubt, Al goes with cobra’s measured move tartets)
FOLKS THERE IS SOME SERIOUS WISDOM ALL OVER THIS BOARD TODAY, PAY ATTENTION
(PS: and it ain’t coming from me)
I believe right now VIX not reflecting situation. Short term VIX futures showing stock funds covering puts but contango back month is quite high. Near $30 in back month. Spread reflecting closing of books for December most likely. Basically funds thrown in the towel for the year. Most likely also dumped hi beta ie oil, commodity and tech past week while VIX cratered. Makes sense cos if they unload their hi beta positions, no need for condom protection via puts for Dec. Still back month is highjimme wrote:On an hourly regular chart, the VIX is at a double bottom.... be careful.L_T wrote:What are people's thoughts on the VIX? My chart has it obviously closer to bottoming than topping, however Cobra would call that "front running" which I agree could be dangerous here.
Rich Arab are you still having drinks at Trader VIX or has the lowered cover charge < 40 allowed too many seedy characters in?
Funny note: I was at the beer/liquor store a couple of weeks ago and saw Trader Vic's branded rum and thought of this board. Does that mean I spend too much time here?
Isn't the target about 44.7?dr659 wrote:Target looks to be 45.25 ishCobra wrote:maintain the target.dr659 wrote:Could this dip or pause be bought? Still expect more up?Cobra wrote:measured move target and trendline resistance here. I think more up.
I need glassesPhilM wrote:Isn't the target about 44.7?dr659 wrote:Target looks to be 45.25 ishCobra wrote:maintain the target.dr659 wrote:Could this dip or pause be bought? Still expect more up?Cobra wrote:measured move target and trendline resistance here. I think more up.
i think you're jumping the gun. if it's tested this many times, i'm bullish biased it'll break it to the upside. just my opinion.BullBear52x wrote:Looks like fourth time is no a charm either, well, try again next time.
are you going to short here as you have advised previously?uempel wrote:I see resistance up at 1234 and 1242, I see timeline A) slightly after 11 am and timeline B) at 13.30 pm. But I'm not sure if and what I'm going to trade, I'm too tired today.