as I said last night, the move up looks like a wave 3, so I
would consider a pullback as a wave 4 at this time, then another 5
wave up.
use the 5 min SPX, working well, gave a nice sell signal
yesterday near the close,a nd a buy this morning when it got
oversold
and on the 15 min charts, the stochastics have not crossed
however that said, I think wave 4 should pullback more than this
ultimately, the VXX 15 min chart looks like a bull flag at the
moment, that could change however we'll see
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as I said last night,
VXX 15 min
Posted by matt on 14th of Jul 2010 at 11:22 am
as I said last night, the move up looks like a wave 3, so I would consider a pullback as a wave 4 at this time, then another 5 wave up.
use the 5 min SPX, working well, gave a nice sell signal yesterday near the close,a nd a buy this morning when it got oversold
and on the 15 min charts, the stochastics have not crossed
however that said, I think wave 4 should pullback more than this ultimately, the VXX 15 min chart looks like a bull flag at the moment, that could change however we'll see