Re: 08/09/2013 Live Update
Posted: Fri Aug 09, 2013 1:35 pm
SPX 15m .. five minor waves up on 5m... bear flag?.. will have to see...
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yesuser13 wrote:Lol basically another V reversal it looks like
VXX hourly still in a descending triangle. no hourly close above the hypotenuse of the triangle.TraderGirl wrote:VIX....we could get something similar again...
What do you mean? Next wave up?TraderGirl wrote:VIX....we could get something similar again...
My charts for SPY show inverse of what I showed on the VIX...so yes they show up then pullback...CaStorm wrote:What do you mean? Next wave up?TraderGirl wrote:VIX....we could get something similar again...
VXX...the chances that Stochs head down below the green line are higher probability than heading back up...we'll see...jarbo456 wrote:VXX hourly still in a descending triangle. no hourly close above the hypotenuse of the triangle.TraderGirl wrote:VIX....we could get something similar again...
Good comments. You must think I know what I'm talking aboutjoegamma wrote:rhight wrote:Righteo I suppose. I monitor the VIX/VXV ratio. You appear to be a chart freak, like myself, no offense. I might get carpal tunnel syndrome. Looking for TRIN to go bearish, but today NYUPV is greater than NYDNV even though price is down. The scary thing is that is takes no selling volume to send SPX down, which is why everyone is afraid to sell. It appears that intermediate bullish momentum is waning though. Time for another short squeeze?fehro wrote:]rhight wrote:A possible ABC (wave 2?) bear flag is breaking as we speak. Could it be that an actual intermediate downtrend is continuing? Imagine that.
Need the VIX to break above .. to confirm?
summertime blues...no volume=no depth...yesterday am saw no significant volume until near lows of am downdraft, today chart similar, except up around london closing...
the up/dwn vol ratio sticking around 1.25 -not that significant, but
with no depth then there are no resting sell orders above so I expect the tick volatility to continue, while we develope recent range for a bit...1 week? 2 weeks? don't know, last time was about a month of consolidation before upleg began but now breadth momentum and volume momentum looking neutral to negative and the leaders (small caps + Fincl) not leading,
GL