10 replies to this topic

[NAV]

Based on my momentum methods, above SPX cash 1455 is an acceleration zone. As long as we are below it, i am comfortably short for a retest. Above that level, significant price accleleration can take place. Will cover my shorts and start getting long if we get above that level. That would also break the channel that i posted yesterday. Right now, we are in a nice neutral zone again. NYSE MCO right near the zero line. Daily CCI near the zero line. Weekly CCI near the -100 line. So it's either rejection time or acceleration time ! Place your bets !

[Russ]

No brainer...Vix is going to drop like a rock.

[NAV]

No brainer...Vix is going to drop like a rock.

Seems like the bulls are in a hurry eh ?

[Russ]

No brainer...Vix is going to drop like a rock.

Seems like the bulls are in a hurry eh ?

The weekly vix chart I posted just before this post looks pretty ominous to my eyes... That's what makes a market as they say.

[thespookyone]

No brainer...Vix is going to drop like a rock.

Fear now all gone then, eh?

[atlasshrugged]

Based on my momentum methods, above SPX cash 1455 is an acceleration zone. As long as we are below it, i am comfortably short for a retest. Above that level, significant price accleleration can take place. Will cover my shorts and start getting long if we get above that level. That would also break the channel that i posted yesterday.

Right now, we are in a nice neutral zone again. NYSE MCO right near the zero line. Daily CCI near the zero line. Weekly CCI near the -100 line. So it's either rejection time or acceleration time ! Place your bets !

I think we go to 1460 and change and then the mkt consolidates and depending on internals either is rejected and we get a retest or after a brief consolidation we then rally to the 50 day ema at 1483 and do it again sam!

[Russ]

No brainer...Vix is going to drop like a rock.

Fear now all gone then, eh?

I acknowledge that on the minute charts vix can go up again...but on the weekly its eventually going to fall hard.

Edited by Russ, 21 August 2007 - 12:22 AM.

[Sentient Being]

Nav, Can you very briefly explain what makes a zone an "acceleration zone"? I like the term and could speculate what you mean by it but would rather really know what you mean, how you identify such a "zone".

Edited by Sentient Being, 21 August 2007 - 12:34 AM.

[NAV]

Nav, Can you very briefly explain what makes a zone an "acceleration zone"?

I like the term and could speculate what you mean by it but would rather really know what you mean, how you identify such a "zone".

SB,

I use some price pivots. When my momentum indicators move up from a neutral zone or a oversold zone and price approaches those pivtos, the pivots generally get broken with vengeance. That's what i call a acceleration zone. On the other hand, if we approach the pivot with overbought conditions, it generally becomes a rejection zone.

[Sentient Being]

Nav, Can you very briefly explain what makes a zone an "acceleration zone"?

I like the term and could speculate what you mean by it but would rather really know what you mean, how you identify such a "zone".

SB,

I use some price pivots. When my momentum indicators move up from a neutral zone or a oversold zone and price approaches those pivtos, the pivots generally get broken with vengeance. That's what i call a acceleration zone. On the other hand, if we approach the pivot with overbought conditions, it generally becomes a rejection zone.

Ahh, thanks. I understand that.