I didn't understand your first post about 3 legs down & 2 up. Where are we now -- finished one leg up and another leg up expected? Thanks.
yes.
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Placing some stops on TVIX with profits baked in and will be walking away with a very occasional check on the market. Please keep your eye on UNG. I know there is a bunch of fundamental talk about how NG sucks...whatever. If I listened to the fundamental talk I would have avoided the SPX rally from 600 to today all together. Let me restate, I do not own UNG at the moment, but my eye is on the possible breakout of a triangle. Need to see 5.50 hold first. GLTA for today. Oh and by the way, the market likes to rally after Europe closes
the current pullback is already 2 small legged so maintain the call that there'll be a 2nd leg up.
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soku wrote:i think the correction (to the upside) may not be over yet. the dbl bottom pattern still need to take 1345-1346 to be valid
damn. they r challenging my line. refine it a little bit. 1346.75
volume pattern very strong. not sure what's going on
1346.5? thank god. the bulls stopped right infront of my line. i think we may just enter a dull correction/sideway zone.
i am going to take rest of the day off. tell cougar to post his charts by himself if he shows up.
I don't think he will, but he got a sell on NDX
My comments are for entertainment/educational purpose only. NOT a trade advice.
Senor Al,
Placing some stops on TVIX with profits baked in and will be walking away with a very occasional check on the market. Please keep your eye on UNG. I know there is a bunch of fundamental talk about how NG sucks...whatever. If I listened to the fundamental talk I would have avoided the SPX rally from 600 to today all together. Let me restate, I do not own UNG at the moment, but my eye is on the possible breakout of a triangle. Need to see 5.50 hold first. GLTA for today. Oh and by the way, the market likes to rally after Europe closes
SB73: vxx/tvix at triple top OR BREAKOUT
Critical level….quit going to meetings already
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
We are almost a week in this area without power up or down, I am expecting "little" help tomorrow huge gap up to new high...as usual
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)
Senor Al,
Placing some stops on TVIX with profits baked in and will be walking away with a very occasional check on the market. Please keep your eye on UNG. I know there is a bunch of fundamental talk about how NG sucks...whatever. If I listened to the fundamental talk I would have avoided the SPX rally from 600 to today all together. Let me restate, I do not own UNG at the moment, but my eye is on the possible breakout of a triangle. Need to see 5.50 hold first. GLTA for today. Oh and by the way, the market likes to rally after Europe closes
SB73: vxx/tvix at triple top OR BREAKOUT
Critical level….quit going to meetings already
Real quick, looks to me like consolidation above breakout. TVIX stop just below EMA 50 on 5 min.
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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.
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)
waverider wrote:TVIX is getting a bit enthusiastic relative to $VIX
You guys talk TVIX so much that I now have it inmy chart book. I might get wet in the future on TVIX. when everyone done with it It might not be a bad idea to short it.
My comments are for entertainment/educational purpose only. NOT a trade advice.