Edited by NAV, 06 June 2007 - 09:37 AM.
One more up-down sequence....
#1
Posted 06 June 2007 - 09:35 AM
#2
Posted 06 June 2007 - 09:42 AM
The BB median has held any selling since late March.
The $VIX is the highest it's been in months and has pierced it's upper BB.
The $VIX must hold here. And reverse by tomorrow.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p45276527528&a=15776126&r=6690.png
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=1&mn=1&dy=0&i=p77083777807&a=27927380&r=1037.png
Edited by Rogerdodger, 06 June 2007 - 09:45 AM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Posted 06 June 2007 - 10:04 AM
#4
Posted 06 June 2007 - 10:17 AM
The USDJPY has bounced of support ant put in a higher low. I may be premature here (in minutes hopefully)
however I have started buying and have unloaded all my shorts and I am well into long contracts.
can't type, spell and trade at the same time. I've gotta move my TF up a bit or stop posting.On the short term:
The USDJPY has bounced of support and put in a higher low. I may be premature here (in minutes hopefully)
however I have started buying and have unloaded all my shorts and I am well into long contracts.
#5
Posted 06 June 2007 - 10:18 AM
#6
Posted 06 June 2007 - 10:33 AM
#7
Posted 06 June 2007 - 10:36 AM
An upward retracement and another down thrust later today, should put some sort of a traedable bottom today. The first dynamic support for today came in around ES 1524-25, which was taken out. This implies that the second dynamic support around ES 1515-1517.50 region would get tested at some point today, before any traedable rally begins....
A break of ES 1515 on a daily closing basis would imply a larger degree downtrend has begun.
Well put, NAV, my thoughts exactly. The test of 1515-1517 is key. It should indicate the direction to trade. Good trades come only after that question is answered.
Edited by thespookyone, 06 June 2007 - 10:37 AM.
#8
Posted 06 June 2007 - 10:51 AM