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State of the market AM


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#1 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

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Posted 24 February 2023 - 12:39 PM

zulu.gif

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Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#2 Rogerdodger

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Posted 24 February 2023 - 10:25 PM

Hi Mr. CHILI!

I have been stealing-copying your 2 hour chart set-up and find it helpful on Short Term.

I did add the upside down VIX because it seems to confirm price..., but often deviates from price, hopefully identifying turns early before price confirms


Edited by Rogerdodger, 24 February 2023 - 10:30 PM.


#3 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

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Posted 25 February 2023 - 01:18 AM

Hiya Rog

 

I love to watch the advance/decline for turn confirmation also. Remember, I trade in days to maybe a few weeks or so. Anything shorter or longer does not work for me, no day trading, ever. I will never be exact at the top or bottom but the 80% in between is fine for me banana.gif

 

zulu3.gif


Edited by Chilidawgz, 25 February 2023 - 01:22 AM.

Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#4 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,626 posts

Posted 25 February 2023 - 01:39 AM

zulu4.gif


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#5 Rogerdodger

Rogerdodger

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Posted 26 February 2023 - 01:40 PM

Thanks again for sharing.

Since the VIX action is based on the S&P500, it isn't too helpful in timing other markets.

 

80% is fine for me

 

I get less than 49% at casino craps... but I get the free drinks! LOL!

A friend goes for the drinks and plays the "penny" slots.

He only plays slowly, one penny at a time, to get the free drinks.

 

Last time he lost $0.50 before he fell off of the chair! TRUE STORY!


Edited by Rogerdodger, 26 February 2023 - 01:48 PM.