get ridy for vix=36 next week as the writes start taking dump like elephants
Edited by A-ha, 10 August 2007 - 03:26 PM.
Posted 10 August 2007 - 03:22 PM
Edited by A-ha, 10 August 2007 - 03:26 PM.
Posted 10 August 2007 - 03:27 PM
Edited by rkd80, 10 August 2007 - 03:30 PM.
Posted 10 August 2007 - 03:38 PM
Edited by A-ha, 10 August 2007 - 03:42 PM.
Posted 10 August 2007 - 03:39 PM
Posted 10 August 2007 - 03:45 PM
xd
Posted 10 August 2007 - 03:49 PM
when a trendline is violated like this while all major indices are broken, odds are extremely low for a fake out.
it will breakdown next week
Posted 10 August 2007 - 03:55 PM
we are talking about 200-300 points on the NYSE max.
Edited by A-ha, 10 August 2007 - 03:59 PM.
Posted 10 August 2007 - 04:25 PM
when a trendline is violated like this while all major indices are broken, odds are extremely low for a fake out.
it will breakdown next week
Ok, i see where you are going. However your TL is from last year and while it's break is sinificant, it's implications are not as grave as you make them out to be.
Look at : http://stockcharts.com/h-sc/ui?s=$NYA...2&listNum=6
My TL runs from '03 and with the break of your TL I think its entirely possible that we can probe further, but we are talking about 200-300 points on the NYSE max. Notice also that the 55 EMA has been a very reliable cushion during this bull market and that has also not been tagged, currently it sits at 9200+ which also supports 200+ more points of decline. The other breadth indicators are indicative of previous bottoms, particularly worthy is the summation.
Posted 10 August 2007 - 04:57 PM