Posted by hornsant on 19th of Aug 2008 at 05:15 pm
Today's VIX candle needs confirmation tomorrow if it gaps down
and posts a red candle the pattern is a bearish evening star and
gives way to a drop in the VIX wich is bullish for the mkt. But it
will have to be confirmed, so I will wait and see how the day goes,
I am a position trader and that buys me time to read the mkt before
getting agresive.
Yeah just did an overlay to put myself at ease. good indicator,
but I think it has too many things against it at this point in
time. I am expecting some sort of bounce tomorrow
whether we gap up or slowly grind away.
VIX
Posted by hornsant on 19th of Aug 2008 at 04:01 pm
That candle is not for the bears
ouch, that does not fit
Posted by cwa82675 on 19th of Aug 2008 at 04:12 pm
ouch, that does not fit into my master plan. Guess I will be looking at some charts tonight. Could just be the bullishness people have still.
Today's VIX candle needs confirmation
Posted by hornsant on 19th of Aug 2008 at 05:15 pm
Today's VIX candle needs confirmation tomorrow if it gaps down and posts a red candle the pattern is a bearish evening star and gives way to a drop in the VIX wich is bullish for the mkt. But it will have to be confirmed, so I will wait and see how the day goes, I am a position trader and that buys me time to read the mkt before getting agresive.
VIX Candle
Posted by rgoodwin on 19th of Aug 2008 at 04:17 pm
Yeah but similar candle on 7/23...market was down next day.
Title: vix black candle vix.PNG Yeah just
Posted by cwa82675 on 19th of Aug 2008 at 04:29 pm
Yeah just did an overlay to put myself at ease. good indicator, but I think it has too many things against it at this point in time. I am expecting some sort of bounce tomorrow whether we gap up or slowly grind away.
we could see some upside
Posted by kichan77 on 19th of Aug 2008 at 04:47 pm
we could see some upside in the market with HPQ is up in after hour. But don't think it will substain..I expect qqqq will pull bk to 46 area.