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3 things bother me: Dec. 15, Jan. 24, Today


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#1 Rogerdodger

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Posted 14 February 2007 - 09:47 PM

I may want to revise my call for tomorrow, tomorrow...
But, on these three dates circled below, the SPX made a new closing high, VIX touched new lows and sentiment moved slightly more bullish.

That $VIX seems to be allergic to the BB's.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=3&dy=0&i=p67029482487&a=98177077&r=3372.png



Of course anything could happen.
$VIX could begin to ride the BB's down further.
But, if you were going to build a nice staircase, the SPX from July would be an easy climb.
Two up one down.


It almost looks "controlled." ;)

Edited by Rogerdodger, 14 February 2007 - 11:57 PM.


#2 TradeMark

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Posted 14 February 2007 - 11:37 PM

It's always something. Just when I thought I had this thing figured out. Good observation. Thanks for posting TM

#3 Rogerdodger

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Posted 14 February 2007 - 11:41 PM

"They" pay me to post this stuff just to {oh yeah, I'm gonna be put on moderation} up. :lol: Until we see some real price breakdown, it's hard to get too bearish. Pull backs continue to be buying opportunities. Be sure to check out Hamzei's comments on VXO in the link above. He's much more sanguine or optimistic sounding.

Edited by Rogerdodger, 15 February 2007 - 12:15 AM.