VIX/UVXY not recovering key levels on this drop in indexes...and now look like they might roll back over....
Edited by K Wave, 03 April 2020 - 11:31 AM.
SELL all RALLIES until further notice...
Started by
dTraderB
, Apr 03 2020 07:44 AM
26 replies to this topic
#21
K Wave
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Posted 03 April 2020 - 11:31 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#22
K Wave
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Posted 03 April 2020 - 11:32 AM
and there's the first hint of the rollover.....let's see if it continues...
VIX/UVXY both in the very precarious Hangin' Turd formation right now...
Edited by K Wave, 03 April 2020 - 11:32 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#23
tradesurfer
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Posted 03 April 2020 - 12:38 PM
I am no elliot wave guru, but everything looks like we need a 5th wave down to finish this decline off.
15,000 in djia and 2000 in spx
#24
dTraderB
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Posted 03 April 2020 - 01:16 PM
pre-weekend VXX and VIX down, still!
maybe also people not hedging again
#25
dTraderB
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Posted 03 April 2020 - 02:22 PM
FLAT
may daytrade NQ for rest of session and SHORT CRUDE if WTI $30 is traded
Edited by dTraderB, 03 April 2020 - 02:22 PM.
#26
cycletimer
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Posted 04 April 2020 - 10:35 AM
I agree, to a certain extent. This is a unique global epochal event, one has to see some visibility before committing:
Also, Buffett has historically averaged in to many investment positions - as I have been doing. He specifically says he couldn't care less about timing a bottom, he cant. And if Warren cant I suspect most cant. Warren's holding period is "forever" (his term) mine is not quite
I like Buffet's style of investing. Buy for long term when deep discounted, sit on it for a couple of years, play lot of golf in the meanwhile instead of staring at the computer screen all day. I can't believe it is this easy to make money. When I had a full time job in private sector, it was 45 hours every week of hard work, plus 12-15 hours of side jobs part time consulting (my skills were in demand!). Man that was hard life, no time for golf or exercise.
I like that style also and even though I’m think there’s a strong possibility that the market revisits the lows and possibly break to 2000 level on the S&P; I am eyeing bargains right here for a couple year holding period. I purchased O (Realty Income) yesterday for example.
#27
blustar
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Posted 04 April 2020 - 12:15 PM
I don't think we roll over just yet! My cycle/wave analysis says big up Monday and Tuesday above last Tuesday's top, then a roll over into around April 14/15, then up again into the SPX 2800's by April 17-20, then we roll over into May 13-14 to near 2000 SPX. See my blog.
