bears' dream. I dare not believe any bear's target though.
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Harapa wrote:PAGING UEMPEL
Germans lead
In this transformation using identical parameters VDAX (VIX equivalent for DAX index) seems to hint a change in trend a little bit earlier than VIX
Currently: Bullish SPY
DAX shows higher volatility that most other indices, patterns very close to textbook TA. My suspicion is that many professional traders use it as a trading instrument. That might explain its early reaction to market swings...
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this was the one i was hoping you could explain. quoted wrong post before. sorry.
VIX usually leads. Just look what happened in the past when SPX made a new high while VIX failed to do so. You don't need know the theory behind the chart.
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Harapa wrote:PAGING UEMPEL
Germans lead
In this transformation using identical parameters VDAX (VIX equivalent for DAX index) seems to hint a change in trend a little bit earlier than VIX
Currently: Bullish SPY
DAX shows higher volatility that most other indices, patterns very close to textbook TA. My suspicion is that many professional traders use it as a trading instrument. That might explain its early reaction to market swings...
Thanks.
Here is zoomed in version as of close of FRI.
Bullish SPY
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
uempel wrote:It would be kind of strange if SPX sails through this stormy area unscathed...
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I posted a fib chart of the spx last week, but I have a Feb 7th date, Feb 9th on the $DJI...
Funny, on the short term daily and on the 60 min I've also got a turning date on Friday... But this long term daily at stockcharts gives a signal for today/tomorrow...
chetas wrote:" bears should make decisive new low, otherwise its over for bears "
cobra please dont say anything like that today , need to make some money
Even not at the stage to say that yet.
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since Decemeber 31st, we rarely had a hourly close below 200 hr sma, in ES. Now we are testing 200hr SMA ( es), a hourly close below 200sma 1496.8 , may give the confirmation this is not the normal dip and may be the trend is reversing .
chetas wrote:since Decemeber 31st, we rarely had a hourly close below 200 hr sma, in ES. Now we are testing 200hr SMA ( es), a hourly close below 200sma 1496.8 , may give the confirmation this is not the normal dip and may be the trend is reversing .