Several times with a similar red candle patteren, the next day paused.
Sentimentrader.com was a bit bearish the last two nights which halted the selling as too many were on the wrong side. It will be interesting tonight to see if it shows a big bullish jump.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=1&mn=0&dy=0&i=p68884666374&a=27927380&r=2707.png
Here's a chart of $CPC with Mr. Dev's settings.
Notice that the BB channels have turned up (See May's turn up.)
This needs to turn back down for any rally to have legs.
http://stockcharts.com/c-sc/sc?s=$CPC&p=D&yr=1&mn=0&dy=0&i=p56190762258&a=80346022&r=3132.png
A funny thing happened at the end of the world
Started by
Rogerdodger
, Feb 13 2007 12:30 PM
1 reply to this topic
#2
Posted 13 February 2007 - 02:00 PM
It actually corrected from the 3rd standard deviation of its 20 dma, very typical, but the correction itself doesn't feel right, although the implied volatility went down, we are yet to see a rally to justify this kind of risk free environment. I guess more churn...
... and perhaps seeing patterns that doesn't exist.
... and perhaps seeing patterns that doesn't exist.