35854 replies to this topic

[AJS]

Update on the VIX: Found resistance and down it goes.  See the reversal.  VIX down, stock indices up.

Attached Files

•  VIX_1.jpg   136.33KB   14 downloads

[Beorn]

Thanks AJ, I just hope I didn't close prematurely.


But I get the feeling bulls looking for a reason to buy at these levels


Ocean, I'm not wearing a suit, I am a perma bear!

When I'm bullish, I wear a suit. Hehehe.

I am back in my short @ 40300

[mountainman]

A new superstrong magnet has been discovered: The 40000 Level on Top40!

 

K

 So long as it doesn't pull down!

[Redeemer]

come bull my boy...you can do this!

[BBW]

A new superstrong magnet has been discovered: The 40000 Level on Top40!

 

K

Well, at least made a few bucks scalping around it

[K~~]

A new superstrong magnet has been discovered: The 40000 Level on Top40!

 

K

[snoop]

Is Draghi on today - if so keep in mind the spike when the interest rate drop - but it was followed by a huge drop - the spike was immediate - need to be quick

[JBlack]

Some data coming out later including German factory orders, UK and EU rates and ECB press confo.

 

Buy the rumour sell the fact today?

[K~~]

Thanks K~~

I expect a bounce of a 1000 pips or more in the coming days...hence I got an SL of 500 (at 39500) - for an R:R of 1:2.

However, if she breaks 39600, I'll consider a full hedge and remove the SL (won't wait for her to hit 39500).

That's about right, R. Got a target of 40900 or so for my long @828.

 

Let's see where she goes. There's a lot of longs out there, so don't expect her to move too fast (no good short squeeze...)

 

K

[Redeemer]

Thanks K~~

I expect a bounce of a 1000 pips or more in the coming days...hence I got an SL of 500 (at 39500) - for an R:R of 1:2.

However, if she breaks 39600, I'll consider a full hedge and remove the SL (won't wait for her to hit 39500).

 

S/L for any longs need to be at 39600. Volatility is more than likely to kill stops higher than that...

 

If 39600 goes, look out below!

 

K

[K~~]

hanging on for dear life

SL still intact though.

S/L for any longs need to be at 39600. Volatility is more than likely to kill stops higher than that...

 

If 39600 goes, look out below!

 

K

[Redeemer]

hanging on for dear life

SL still intact though.

 

REdeemer if 40000 breaks i hope you have a stop loss in place.

[bear catcher]

REdeemer if 40000 breaks i hope you have a stop loss in place.

[Redeemer]

Long @40037 (IG). The bull is about to breathe again!

[AJS]

There has only been 1 instance since 2009 where the S&P closed lower for 5 consecutive weeks.  We are now at 4 in a row.

Attached Files

•  SP500_down.jpg   156.94KB   23 downloads

[OceanWalz]

seems this S&P 500 chop , and us, is to continue for the next few days.  friday employment nums may give dive or strong short covering ( maybe market is just waiting for those employment figs on friday toe give market direction I think). So I am going to resist the temptation to buy strength or sell weakness as the market will likely reverse hours later.  This is the time to buy weakness and sell strength.  With the market down 5% from recent highs, this is a more interesting buying opportunity than selling one.  While we could continue lower, that only gives us even more attractive levels to buy.  And above all else, stay calm.

[AJS]

Go Aussie retail sales! Pumping the ASX!<br /><br />

[AJS]

S&P and DOW... Can you say flat?  So flat you can play kite underneath a rug!

[davidp13]

what to make of this?

 
Well, to tie by to what L said. You can see from that graph every time we fall off the BB we bounce back...

One small glaring difference...back then there were some green. Since the last high only red with gaps all over.

[AJS]

what to make of this?

 

Well, to tie by to what L said. You can see from that graph every time we fall off the BB we bounce back...