Chris...honestly I think we might need one more flush down in
the market to put in a better bottom. There were a lot of
bottom pickers recently and we might need to flush down again to
wash them out.
Posted by treid4dou on 3rd of Oct 2008 at 04:45 pm
yes....sure..... and also watching the goldstocks for a final
flush.....although they might perform better than Broads. XAU
around 80 ??? could that be possible ?? its a big
%.....but if we are in wave 5 its the equivalent points of wave 1,
from the top of wave 4. Maybe we correct less....and still
avalid set up to go long goldstocks.... We should be selecting
which sectors will outperform.....
VIX 60 min.png VIX 60 min
Posted by matt on 3rd of Oct 2008 at 03:57 pm
VIX 60 min chart in a triangle pattern
May we have that $VIX
Posted by Peridot on 3rd of Oct 2008 at 04:07 pm
May we have that $VIX chart in dynamic also? Thank you. p.
VIX chart
Posted by finam on 3rd of Oct 2008 at 04:45 pm
Matt: Not that we don't ask for EVERYTHING but could you also please include the TRIX on that VIX chart dynamic?
Thanks and get some rest this week. You and Steve and RP did a GREAT job of setting us up for this big DOWN week. FinaM
Interesting ... All eyes are
Posted by cspirit on 3rd of Oct 2008 at 04:04 pm
Interesting ... All eyes are on 10000 level. That major support level lines up with a headfake VIX breakout to upside.
Love how these market makers move the market to get heard on one side only to pull the OPPS other way we go.
Short entry was 10800 everyone. If you missed that level then next level would be 9800 break.
See what happens! Mostly in cash going into the weekend.
Chris...honestly I think we might
Posted by matt on 3rd of Oct 2008 at 04:23 pm
Chris...honestly I think we might need one more flush down in the market to put in a better bottom. There were a lot of bottom pickers recently and we might need to flush down again to wash them out.
yes....sure..... and also watching the
Posted by treid4dou on 3rd of Oct 2008 at 04:45 pm
yes....sure..... and also watching the goldstocks for a final flush.....although they might perform better than Broads. XAU around 80 ??? could that be possible ?? its a big %.....but if we are in wave 5 its the equivalent points of wave 1, from the top of wave 4. Maybe we correct less....and still avalid set up to go long goldstocks.... We should be selecting which sectors will outperform.....
I view 9800 area as
Posted by cspirit on 3rd of Oct 2008 at 04:31 pm
I view 9800 area as the flush down from here. Time will tell.