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Does VIX indicate a bottom?

Started by Rogerdodger , Jan 22 2010 12:23 AM

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8 replies to this topic

#1 Rogerdodger

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Posted 22 January 2010 - 12:23 AM

This chart shows 5 piercings of the BB this year.
Each of the past 4 have been bottoms or within one day or a bottom.

TSP recorded it's first buy signal in weeks.
Sentimentrader did show a bearish jump tonight equal to the 4 previous bottom readings.
But I would have expected the Trin to be much higher.

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=8&dy=0&i=p01727990483&a=179964330&r=6520.png

Posted Image

Edited by Rogerdodger, 22 January 2010 - 12:35 AM.

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

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#2 arbman

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Posted 22 January 2010 - 12:51 AM

You will probably get your high TRIN tomorrow with GE, reporting before the open. I was looking at the trading and wondering why we had such a weak bounce in the after hours, now I know.

@qckisa on twitter

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#3 Rogerdodger

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Posted 22 January 2010 - 01:00 AM

Anything below 1115.10 and you can buy and hold...and beat the market in 2010. :lol:

1115.10 was the close Dec 31st. We briefly dipped below it today.

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

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#4 arbman

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Posted 22 January 2010 - 01:08 AM

They were trying to set the bar lower for 2010 on Dec 31st, 2009! :lol:

Edited by arbman, 22 January 2010 - 01:08 AM.

@qckisa on twitter

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#5 goldswinger

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Posted 22 January 2010 - 01:52 AM

You could be right!!!, this down move Today could be a C wave.

The GS chart below shows that, but it could also be the beginning of a wave 3 down for GS after a brief bounce and by extension a wave 3 for SPX also after a brief bounce.......

http://stockcharts.c...amp;a=189573511

The nature of the bounce will give us the answer.... if strong we go to new highs , if weak, set up for wave 3 down....

GS.

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#6 IYB

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Posted 22 January 2010 - 06:34 AM

Great observation and very nice charts RD.

I see it as you do. Am a buyer Friday. Fwiw. Best, D

Will be selling into anticipated strength tomorrow AM; looking for a pullback over next week or two to reload. Fwiw. Good trading, D

Just a quick update. All trends up. Looking for a sharp quick acceleration upward, then pullback. If we get that pop, I will likely lighten longs by midweek, wait for better re-entry. Fwiw. Best to all, D

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=1&dy=27&i=p60908831118&a=186847811&r=264.png

http://stockcharts.com/c-sc/sc?s=$NYSI&p=D&yr=1&mn=0&dy=0&i=p78229855767&a=178151037&r=554.png

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&st=2009-02-01&en=2010-12-21&i=p33192452962&a=185850473&r=94.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=10&i=p29675561669&a=185434656&r=437.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1996-01-28&i=p73030814314&a=181755078&r=370.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p22051671559&a=181755090&r=623.png

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

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#7 Trendy

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Posted 22 January 2010 - 11:14 AM

Roger --- I like the way you keep your eye on the VIX .... today I see it as extended to the topside for a couple days

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#8 dasein

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Posted 22 January 2010 - 11:24 AM

tomt is long vix - hope he says when he closes them

best,
klh

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#9 Rogerdodger

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Posted 22 January 2010 - 11:55 AM

Yeah, around 24.

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

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Does VIX indicate a bottom?

#1 Rogerdodger

#2 arbman

#3 Rogerdodger

#4 arbman

#5 goldswinger

#6 IYB

#7 Trendy

#8 dasein

#9 Rogerdodger

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