48 replies to this topic

[skott]

I'll be watching the Vix closely over the next few days. It's going to signal one way or the other.

[skott]

and BTW, the dow is really weak compared to the others. hmmmm

[skott]

I stayed short. I see IWM, i.e, Russel 2000 put in a large topping tail. Closed below where it opened. I think by the end of november equities will either be alot lower or well on their way. I just got that feeling and it usually is right.  

[skott]

Just got in from long day of class. Sweet results in the market. 3 more days of ms sccm class. Off at night for a change. Love it. Gotta take a look at vix and sentiment but I'm pleased today

[skott]

You don't get more of a decision point than right around here as the chart shows. These lines were drawn weeks ago, some months

https://tos.mx/tsDrJ1w

[skott]

Still short, no position changes except for a little selling of some gold shares that have appreciated or were dogs and buying some
very undervalued shares. I'm posting charts here of the Naz100 that put in another huge topping tail right at resistance. I'm
posting a longer view and then a closeup

https://tos.mx/ORMThB9


https://tos.mx/oBzfnnf

Still almost 100% long gold and silver shares, Nat Gas via UNG and short QQQ and IWM

[Waver]

Building up a lot of energy.
The move after the break up or down is going to be huge.

[skott]

VIX is saying we have been forming a top. Doesn't mean we can't go up ST of course. Volume is so weak especially on most up days

[Waver]

Quality over Quantity?

http://schrts.co/AfxpjYfv

[skott]

Bullish sentiment, esp in naz100, is at nosebleed topping levels. Cycles pointing down this week. Gold stocks are bullish which is usually bearish for the market. Let's see what happens this week. I'll be at home during the day this week