9 replies to this topic

[Bob-C]

Hi everyone, VIX is up 1.25 to 17.00.

Here is the daily VIX TL chart:
http://chart.nu/char...6&filter=13.png

Here is the weekly VIX TL chart:
http://chart.nu/char...03&filter=5.png

Cheers,

Bob-C

[Mtrader]

If we can't make to 17.19, then this market going to make new high

[Bob-C]

If we can't make to 17.19, then this market going to make new high

Hi Mtrader, thanks for your insight. Here are the VIX daily and weekly Gallery Charts:: ---> http://stockcharts.com/charts/gallery.html?$VIX The NYSE Composite Index ($NYA), $SOX, SMH, RUT, and the NYSE and NASDAQ A/Ds and NH/NLs are not confirming the current DCAT rally..

Cheers.

Bob-C

Edited by Bob-C, 25 June 2007 - 10:01 AM.

[Mtrader]

How reliable is the Perf chart? If Vix break 17.19, there is 80% chance that market will make a lower low. Other wise, market will try to test high again. And you know third time is the charm. I would not short this sucker yet. Market can turn around on a dime. The bull really has upper hand. I can not let my mind bias into any direction, if I want to make money day trading.

[Bob-C]

How reliable is the Perf chart?
If Vix break 17.19, there is 80% chance that market will make a lower low. Other wise, market will try to test high again. And you know third time is the charm. I would not short this sucker yet. Market can turn around on a dime. The bull really has upper hand. I can not let my mind bias into any direction, if I want to make money day trading.

Hi Mtrader, thanks for your observations and comments. The NYSE and NASDAQ A/Ds continue too be only marginally positive during this DCAT VST rally and the declines together with the unchanged overwhelm the advances yeilding a full-participation A/D failure on both the NYSE and the NASDAQ. The NYA, MDY, RUT, SMH, VLA (Value Line Arithmetic Index), and SOX continue to nonconfirm the VST rally.

Cheers,

Bob-C

[Bob-C]

How reliable is the Perf chart?
If Vix break 17.19, there is 80% chance that market will make a lower low. Other wise, market will try to test high again. And you know third time is the charm. I would not short this sucker yet. Market can turn around on a dime. The bull really has upper hand. I can not let my mind bias into any direction, if I want to make money day trading.

Hi Mtrader, thanks for your observations and comments. The NYSE and NASDAQ A/Ds continue too be only marginally positive during this DCAT VST rally and the declines together with the unchanged overwhelm the advances yeilding a full-participation A/D failure on both the NYSE and the NASDAQ. The NYA, MDY, RUT, SMH, VLA (Value Line Arithmetic Index), and SOX continue to nonconfirm the VST rally.

Cheers,

Bob-C

Note, that should be "yielding" instead of "yeilding" in my reply above.

[Bob-C]

Hi everyone, the A/Ds on the NYSE, NASDAQ, and the AMEX have all gone negative. The QQQQs have lost all of their gains and are now down .06. SPY, RUT, DIA, INDU, NDX, and COMPQ have also gone negative. Cheers, Bob-C

Edited by Bob-C, 25 June 2007 - 01:36 PM.

[Bob-C]

Hi everyone, VIX is up 1.49 to 17.24 and has taken out another upside pivot point on an ID basis. Cheers, Bob-C.

[Mtrader]

wow, bears have real claws.

[Bob-C]

wow, bears have real claws.

Hi Mtrader, thanks for your comments,

Good luck on your trades.

Bob-C