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The TRIX 14,9 setting is close to a buy and the VIX is below its 20MA right now
The market to me is shaping up for a bullish break up and this key turn date of 23rd could be a bottom
Also, the $NASI is turning up and I would not be suprised to see it on a buy signal either today or tomorrow
Finally, next week is the last week of the month and the last few days of the month are usually the most bullish
There are many reasons to be long right now technically from what I can see and its shaping like more of a break up than a break down
Then again, this market can turn on a sixpence!
VIX back above 20MA. Boy this market moves fast. 100pts or so within 20mins
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The TRIX 14,9 setting is
Up or Dowm?
Posted by vnathwani on 21st of Oct 2008 at 03:10 pm
The TRIX 14,9 setting is close to a buy and the VIX is below its 20MA right now
The market to me is shaping up for a bullish break up and this key turn date of 23rd could be a bottom
Also, the $NASI is turning up and I would not be suprised to see it on a buy signal either today or tomorrow
Finally, next week is the last week of the month and the last few days of the month are usually the most bullish
There are many reasons to be long right now technically from what I can see and its shaping like more of a break up than a break down
Then again, this market can turn on a sixpence!
VIX back above 20MA. Boy
Posted by vnathwani on 21st of Oct 2008 at 03:25 pm
VIX back above 20MA. Boy this market moves fast. 100pts or so within 20mins