Edited by Mr Dev, 07 June 2007 - 03:04 PM.
RUT & NDX EOD TRADE....LONG
#1
Posted 07 June 2007 - 02:56 PM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Posted 07 June 2007 - 03:07 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Posted 07 June 2007 - 03:09 PM
Vix did not go back up to it high on this last big volume decline. This is smelling like capitulation, at least for the short run.
Beware tho Vix is on a NEW trend (until it changes ) fighting it could be deadly!
Edited by Mr Dev, 07 June 2007 - 03:10 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
Posted 07 June 2007 - 03:17 PM
Mr Dev,Vix did not go back up to it high on this last big volume decline. This is smelling like capitulation, at least for the short run.
Beware tho Vix is on a NEW trend (until it changes ) fighting it could be deadly!
Thx for your posts!
jjc
#5
Posted 07 June 2007 - 03:23 PM
#6
Posted 07 June 2007 - 03:24 PM
Beware tho Vix is on a NEW trend (until it changes ) fighting it could be deadly!
Could be but today's 60 minute has as shape to it that quite often leads to complete retracement as well as a shooting star type candle.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#7
Posted 07 June 2007 - 03:36 PM
Beware tho Vix is on a NEW trend (until it changes ) fighting it could be deadly!
Could be but today's 60 minute has as shape to it that quite often leads to complete retracement as well as a shooting star type candle.
The shape does indeed beg for a retrace and today's CPCE is extremely high - I am seeing a reading of: 1.19! That is extremely high, highest in a year+! I will still be shocked if we retest the highs, but for now this ratio is quite staggering...
#8
Posted 07 June 2007 - 03:36 PM
Beware tho Vix is on a NEW trend (until it changes ) fighting it could be deadly!
Could be but today's 60 minute has as shape to it that quite often leads to complete retracement as well as a shooting star type candle.
youre right Russ, just checked my 60m also, but here in lies the art,.. although the 60m is OVER-bought,... it also looks as if it
is into a territory where it could run,...(wave 3 for those watchers)... add to this that the 60m trend for both the
VIX and VXN are now up...whatch gonna do?
My thoughts,..take faster trades on longs and flipp-em over to shorts, at least untill there are signs of either a
trend change, because I pretty sure my trend charts changed to a bear trend today, or this thing washes out.
And please don't forget I have a rare Crash Set Ups on some charts!
One is the same as the 98 sell off that took off 20% from the Dow
Edited by Mr Dev, 07 June 2007 - 03:42 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#9
Posted 07 June 2007 - 04:12 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#10
Posted 07 June 2007 - 06:27 PM
Hey give me an Updated chart next time...hehehe
The Parallel line should show some support.
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Wait ,... I just gotta give myself one of these,....... :bowrie: for that last DOW call !
Edited by Mr Dev, 07 June 2007 - 06:33 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!