It's interesting. We saw the opposite behavior at major lows.
Either way, we are way oversold by any bull market measures. Get ready for a massive 1 day rally
Edited by orange, 04 August 2011 - 01:39 PM.
Posted 04 August 2011 - 01:34 PM
Edited by orange, 04 August 2011 - 01:39 PM.
"When your position is underwater, average down" - Professional Trader
Posted 04 August 2011 - 02:47 PM
Since the tsunami V bottom, the slope at which the VIX oscillates has been steadily expanding. Since then, the market has increasingly become more bipolar.
It's interesting. We saw the opposite behavior at major lows.
Either way, we are way oversold by any bull market measures. Get ready for a massive 1 day rally![]()
Posted 04 August 2011 - 02:56 PM
Hi Orange, Been thinking if you closed your longs from the 1270 area somewhere along the trip down, or if you are still holding? Just trying to figure style
Best to you.
Edited by orange, 04 August 2011 - 02:57 PM.
"When your position is underwater, average down" - Professional Trader
Posted 04 August 2011 - 03:01 PM
Since the tsunami V bottom, the slope at which the VIX oscillates has been steadily expanding. Since then, the market has increasingly become more bipolar.
It's interesting. We saw the opposite behavior at major lows.
Either way, we are way oversold by any bull market measures. Get ready for a massive 1 day rally![]()
Posted 05 August 2011 - 03:49 AM
Hi Orange, Been thinking if you closed your longs from the 1270 area somewhere along the trip down, or if you are still holding? Just trying to figure style
Best to you.
Took my biggest one day loss ever the following day. Ditched any and all longs on the range breakdown.