Posted by douglas51 on 23rd of Apr 2012 at 11:42 am
In
looking at the larger perspective in the VXX, it is telling a story
of a market that will be heading considerably lower. The
A=C target is the 22.75 region, while a
1.382 extension takes us to the 24.70 region. These
are the most likely targets for the VXX at this time, which would
substantiate the larger count for the market moving down to
the 1296-1320 during the rest of this week.
yep gotta watch the VIX, however I'd watch VIX over VXX, I don't
like how VXX moves and would not trust that.
here's the daily chart of the VIX that I'm watching. I
added my custom MACD historam and Double Stochastic indicators -
notice that the MACD histogram went positive over a week ago, as
did double stochastics, now watching the neckline
vxx
Posted by douglas51 on 23rd of Apr 2012 at 11:42 am
In looking at the larger perspective in the VXX, it is telling a story of a market that will be heading considerably lower. The A=C target is the 22.75 region, while a 1.382 extension takes us to the 24.70 region. These are the most likely targets for the VXX at this time, which would substantiate the larger count for the market moving down to the 1296-1320 during the rest of this week.
yep gotta watch the VIX,
Posted by matt on 23rd of Apr 2012 at 12:03 pm
yep gotta watch the VIX, however I'd watch VIX over VXX, I don't like how VXX moves and would not trust that.
here's the daily chart of the VIX that I'm watching. I added my custom MACD historam and Double Stochastic indicators - notice that the MACD histogram went positive over a week ago, as did double stochastics, now watching the neckline
VIX Daily Chart LINK