Thnks, what you'r vixies saying. I see daily VIX is strugglig to stay above 50 and same goes or XIV ; whoever hold, will be the winner by EOD; I noticed momentum is still +ve for vix but RSI is not helping being below 50
I posted this VIX chart a ways back comparing the very tight BBands squeezing to the same period back in May of 2011...we got a similar spike up in the VIX...what happened next was a bounce off of the 50dma to a lower high...
It's just an analog...don't always follow the same plan...but the similarities are interesting...
TraderGirl wrote:was this the extent of Apple's run? 5 waves for A usually portend more up....but was that the paltry C wave we got??
agree very tricky structure, now it looks like wedge breakout (?wave 1 of c?)and retest (?wave 2?)...hard to say we will find out soon
OK now I have back my money and already in profit, will add some overnight russell shorts for retrace ?tomorrow?
Have a good 1
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)
I'm not bear (I'm snake, remember?), but still it's a sad day. The market refuses to pullback. No bear can survive... A Chinese saying, when all hares were caught, dog will be cooked. When all birds die, bow will be forgotten.
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joegamma wrote:paging Cobra:
does n vs n rule say anything for the next few days?
thanks, joe
1aspyday227.png
Don't count on that rule.
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Did you know that today is International Polar Bear Day? How sad
Really? I just opened a can of Coca with Polar Bear sign on it. It says, did you know? 60% of the world's polar bears live in Canada.
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