BullBear52x wrote:What I don't like, (excuse on my missed) the stupid V-shape at the bottom.
yes very frustrating but this is the new normal. i put in a buy stop limit this morning for /es 1308.50 right before the news came out at 8:30am ( right above the ema 10/20 on the 15min chart ) since on trend days the bots love to follow the ema 10 or 20 right up and up and up...
best to keep your human emotions out of trading and just place your bet in the morning based on your analysis and just do nothing after that.
Last edited by agnosia on Fri Apr 15, 2011 2:47 pm, edited 1 time in total.
Come "on" face it ,the mkt is up near Res. again and since it made it to this point it will try to break thru be it at 1325,1330,1335,1340 or 1345.IF they make it great go along with it.If the mkt does not make it then it will turn dn and try 1300 again.Thats the way it works sooooo go with it.
On the daily, most of my common indicators/oscillators are pointing up like MACD Hist., Full Stoc, RSI, CMF. soooo, I can be easily fool here for the BULLS
Gap resistance now become gap support so a trades below gap again will really really mess up my swing positon. intraday position they can turn 10 times/day don't bother me. OK it's Friday...tomorrow is Saturday peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
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damn i knew it ... should have kept my short on they tested my patience today. thanks cobra, i am done for today. enjoy your wknd. everyone.. ( if i had to guess all roads lead to a close at the daily/weekly pivot @ 1312/13 )
StrikePrice wrote:I promise I won't post this again but no one commented on it yesterday.
I'm looking at OBV and thinking, "is that really going to turn back up?"
Seems to be March's turn.
Hmm, really interesting.
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the story is still ChiOsc a little high, so a little more pullback next Monday maybe, then could see another push up then we'll have to see how strong that push up is.
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yoku wrote:yo cobra, when u napping, could u cast some light on the historic pattern when vix is this low?
purely from intraday VIX pattern, the index will shoot high, really really high from here and that's why I said bears are over. see chart below when VIX travels along the bb bottom it means very strong push up on spx and it won't simply stop which means that bulls have lots of upside room from here, bears are over.
Cobra, for some reason, this time looks and feels different from the previous VIX collapses of this kind.