I kept that in mind but why does the VIX remain at those levels
? . Shouldn't it come down with a rally like today ?. Not good
enough to calm the mkt fears ?. Or is the VIX a non event in the
present mkt condition ?.
Previously posted by moron668 (Title: No 5th wave?)
:(
toggle)
Ok - so I am confused which is nothing new.
But we seem to have broken out of the descending triangle-
correct?
That is bullish- correct?
What about the long awaited 5th wave? Is that canceled?
hornsant- yep, it's hard to say, very good day, but that's not
uncommon in bear markets. We have the FOMC meeting tomorrow
so maybe we'll get a sell the news event, again hard to say.
9300 is a big level for the DOW so watch that. The VIX had
negative divergence via the Histogram and RSI so that could be a
top, but we'll have to see follow through.
But really I'm haing fun make 10% or more a day on these
systems!
hedge funds....selling into close again, they just took a day
off yesterday to get higher prices today...this will be with us for
some time, (trust me)
thanks for the site matt, some good players here. i enjoy
checking in and following along.
What happen with the trading room idea? that was very cool and i
like how we could follow real time.
Folks...in this market, thats why you
Posted by matt on 29th of Oct 2008 at 04:08 pm
Folks...in this market, thats why you Take Profits Relentlessy!
as you can see from the end of day; the 15 min charts had developed negative divergence on that push up.
matt - October 28, 2008 04:55pm Previously
Posted by robjerriann2 on 29th of Oct 2008 at 05:30 pm
I kept that in mind but why does the VIX remain at those levels ? . Shouldn't it come down with a rally like today ?. Not good enough to calm the mkt fears ?. Or is the VIX a non event in the present mkt condition ?.
hornsant - I said that 5th waves can truncate, even covered that in the morning update
Posponed till 2073
Ok - so I am confused which is nothing new.
But we seem to have broken out of the descending triangle- correct?
That is bullish- correct?
What about the long awaited 5th wave? Is that canceled?
hornsant - yep, it's hard to say, very good day, but that's not uncommon in bear markets. We have the FOMC meeting tomorrow so maybe we'll get a sell the news event, again hard to say. 9300 is a big level for the DOW so watch that. The VIX had negative divergence via the Histogram and RSI so that could be a top, but we'll have to see follow through.
But really I'm haing fun make 10% or more a day on these systems!
hedge funds....selling into close again,
Posted by robbie on 29th of Oct 2008 at 04:27 pm
hedge funds....selling into close again, they just took a day off yesterday to get higher prices today...this will be with us for some time, (trust me)
thanks for the site matt, some good players here. i enjoy checking in and following along.
What happen with the trading room idea? that was very cool and i like how we could follow real time.
that's something we might try
Posted by matt on 29th of Oct 2008 at 04:39 pm
that's something we might try to bring in the future with the new site, but not something we are set up to do at this time
I totally agree....what a day...BIG
Posted by kichan77 on 29th of Oct 2008 at 04:19 pm
I totally agree....what a day...BIG swing at last 15 minutes...another 500 pts swing there