Edited by Wavetimer, 16 March 2011 - 02:02 PM.
VIX HAD A TARGET OF 31.36 IT TOPPED AT 31.26
Started by
Wavetimer
, Mar 16 2011 01:56 PM
9 replies to this topic
#1
Wavetimer
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Posted 16 March 2011 - 01:56 PM
TICKS HIT Almost my target of -1600 this low is that of may low upside !!! the low was - 1573
#2
Rogerdodger
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Posted 16 March 2011 - 01:58 PM
Stockcharts has $TICK at only -1392.
The rubber band is getting stretched but it has been stretched more before.
http://stockcharts.com/c-sc/sc?s=$TICK&p=5&yr=0&mn=0&dy=21&i=p89758957248&a=111513787&r=9664.png
The rubber band is getting stretched but it has been stretched more before.
http://stockcharts.com/c-sc/sc?s=$TICK&p=5&yr=0&mn=0&dy=21&i=p89758957248&a=111513787&r=9664.png
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
dcengr
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Posted 16 March 2011 - 02:00 PM
I don't think we're going to get that high...
It seems to me the bear market is back and the nature of this next rally will confirm or deny it.
If there's an initial spike followed by grinding upside, maybe..
But if it's several days of spikes.. it's a bear and no new highs.. maybe just a nominal high.. would be made.
Qui custodiet ipsos custodes?
#4
xtrader
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Posted 16 March 2011 - 02:03 PM
TS lowest tick was -1461..
#5
dcengr
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Posted 16 March 2011 - 02:12 PM
I'm heavily leaning to this being a wave 1 down with a wave 2 up to come...
I know the formation looks like an a-b-c down with 5 waves down from wave b. But it is so obvious to see that I can't see that being right.
If we rally hard without any retrace during first few days, then we're obviously doing an a-b-c up.
I dunno, lets see if Ben can take this to 1300 by friday, which would be the objective of the W-bottom. If he did, then I would be more inclined to think a rally from here would be a wave 2 up.
Qui custodiet ipsos custodes?
#6
redfoliage2
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Posted 16 March 2011 - 02:12 PM
I see a bounce to SPX 1310 is in the cards though. This is an OpEx week in which thend often changes on Thursday.
Edited by redfoliage2, 16 March 2011 - 02:19 PM.
#7
Wavetimer
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Posted 16 March 2011 - 02:14 PM
and did we see the low in aapl 326 next target 373 plus all the drop are a 4 wave !
#8
arbman
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Posted 16 March 2011 - 02:29 PM
I agree bounce to 1290s, sell down and then rally to 1380 or so would be somewhere in between the 2012 valuation and 2011... It will be harder and harder to push any higher as POMOs are also running out. This sell off is a bit news driven, but it is not happening in US, it is happening in Japan. The small caps did OK today...
Edited by arbman, 16 March 2011 - 02:30 PM.
#9
gannman
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Posted 16 March 2011 - 03:25 PM
whats so bullish about this situation. nobody knows whats going to happen with japan.
what if the whole area becomes uninhabitable. can anybody say for sure that is not going
to happen. the situation looks horrible to me from an economic standpoint not even considering
the humanitarian issues
feeling mellow with the yellow metal
#10
thespookyone
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Posted 16 March 2011 - 04:04 PM
I was off by one day . I am 200 long still last filled 1292 long calls on sp 130 sept hon 60 june aapl and looking for the cycle to reach new highs into 4/23 to 5/23 into 1381 to 1440 focus1413 .I REMAIN LONG ! The alt was we could drop into 1272 we took it out into 1262 . still no change I see the next phase of bull cycle into new recovery highs into may 11 .BEST OF TRADES ! NOW BUYING COPPER AS WELL ! BEST OF TRADES ! AS FOR THE JAPAN 225 I AM BUYING ETF TODAY WE HAVE TWO LEGS DOWN INTO 8300
I guess you aren't big on stops.
