10 replies to this topic

[spielchekr]

It's easy enough to see why on Teaparty's chart layout:

[relax]

However, when a trendline is broken on Point & figure the price very often comes back to the line

in this case at 14.75-15

the big question with point & figure is always if price goes to the projection or first returns back to the trendline

apart from that the trend should be up in the coming weeks

It's easy enough to see why on Teaparty's chart layout:

[Tor]

funny looking at the vix and how it rose while th market rose in the 1990's. The bears trading off it would have been mutilated in a big way.

[Rogerdodger]

I find the "Price Objectives" on P&F charts interesting but often meaningless, especially on indicators.
If you select the end date for the VIX P&F chart to as recently as 6/5/07, the P.O. is 5!
Needless to say, it never made it to 5 in June. Or at any time.
If you select the end date of the chart for the next day 6/6/07, it jumps to 20.5.
On 6/7/07 it jumps to 26.5.

I find the action around the BBs informative as well as the ratio and direction of the VIX:SPX.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p12461623064&a=27927380&r=5398.png

Edited by Rogerdodger, 23 June 2007 - 10:20 AM.

[relax]

Agree projections are worthless

trendlines means everything and a break is very often followed by a move back to the trendline

I find the "Price Objectives" on P&F charts interesting but often meaningless, especially on indicators.
If you select the end date for the VIX P&F chart to as recently as 6/5/07, the P.O. is 5!
Needless to say, it never made it to 5 in June. Or at any time.
If you select the end date of the chart for the next day 6/6/07, it jumps to 20.5.
On 6/7/07 it jumps to 26.5.

I find the action around the BBs informative as well as the ratio and direction of the VIX:SPX.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p12461623064&a=27927380&r=5398.png

[Rogerdodger]

trendlines means everything and a break is very often followed by a move back to the trendline

Simple is good.

[vitaminm]

sp,

What's p&f VIX price objective on 60 min. chart?

It's easy enough to see why on Teaparty's chart layout:

Edited by vitaminm, 23 June 2007 - 11:44 AM.

[spielchekr]

You're right, but it looks curious nevertheless, because I haven't forgotten this. Here's a chart of excesses, pink = 2000, blue = 1987 (dashed lines are parallels with bottom support lines). Real soon, somebody gets to nudge us permanently into one channel or the other, as these two channels will inevitably part ways forever. The $VIX will just be the yes-man bound agree with that somebody's selection.

Edited by spielchekr, 23 June 2007 - 11:52 AM.

[Rogerdodger]

What's p&f VIX price objective on 60 min. chart?

VIX P&F PO
hourly: 23.52
30 min: 20.40

[vitaminm]

What's p&f VIX price objective on 60 min. chart?

VIX P&F PO
hourly: 23.52
30 min: 20.40

Thanks,

VIX

15-60min buy R1-16.50 R-2-19.50
dly sell
wkly sell