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!
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matt - October 28, 2008 04:55pm Previously
Folks...in this market, thats why you Take Profits Relentlessy! as you ...
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!