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.
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Cobra wrote:the next fighting area I see if Fib 61.8%. but I personally think there're good chances that bears are over AGAIN this time (not many evidences yet, so I said there're chances).
I think bear is over 2. It is so easy to have an up trend day but never a down trend day in the past 2 weeks. Just no brain buy in dip . And Yes we can
Is this a trend day? or still too early to call it?
I think today is reliable to call a turn here. MACD hist. on daily also confirmed this move up, from now buy the dip above 130.27. this is a wrinting on a stone for me
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agnosia wrote:market internals going south. TICK making lower highs and lower lows.. BAC at LOD.... DIE BULLS
There will be no market if bulls is dead, but market will be here with no bears. I know things need to get back to its true valuation but why fight if you know the power that be got deeper pocket than you and I ever combined.
My comments are for entertainment/educational purpose only. NOT a trade advice.
back test the breakout point, not sure if another up push will be launched here (little more likely).
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I'm not convinced one bit. You guys mean to tell me we're going to new highs for the year with financials looking terrible and money being moved into "safe" stocks (look at KFT MRK JNJ PG today).
I'll be neutral here, but certainly not a raging bull. Tell me the stocks that will lead us to new highs in S&P 500?
Cobra wrote:back test the breakout point, not sure if another up push will be launched here (little more likely).
My vote is unlikely with the MACD turning down on the 15-min. I think today's high is in for SPY today. Love to see a sell off in the last hour but doubt that will happen.
agnosia wrote:market internals going south. TICK making lower highs and lower lows.. BAC at LOD.... DIE BULLS
There will be no market if bulls is dead, but market will be here with no bears. I know things need to get back to its true valuation but why fight if you know the power that be got deeper pocket than you and I ever combined.
I am 100% with you and i rode the trend this morning up and am / have been a bull since QE launch. For fun I like to fade the bulls at the end of the day