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Post by jacksrbtr on Jul 17, 2014 15:15:21 GMT -5
Wow VIX up over 30%! VIX scams doing well, but not nearly as well as you'd expect relative to spot. ...but I'd be surprised if indices weren't green by EOD... And I win the booby prize for the day/week. Back to my hole for a bit. Don't do THAT man - you're the only one here! I'm not here I'm just hallucinating....again.
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Post by jacksrbtr on Jul 17, 2014 16:01:14 GMT -5
Ya know if this is indeed the day of the market reversal as Nick of ITMS has been forecasting well never hear the end of it from that fatso and obnoxious partner Garret of his.
Just saying...
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Post by novie08 on Jul 17, 2014 16:52:06 GMT -5
Well, SPX finally broke the less than 1% moves streak. Is it now safe to assume that the IWM 07/01 high was actually a head test? novie08 Did you ever figure out what would qualify as a "nominal low"? Are we even close? I'm thinking we're heading for it next week with now more than one war going on. That's fine as long as we do indeed go up into Oct. Will post if there are any updates.
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Post by dino on Jul 17, 2014 20:22:41 GMT -5
Well, SPX finally broke the less than 1% moves streak. Is it now safe to assume that the IWM 07/01 high was actually a head test? novie08 Did you ever figure out what would qualify as a "nominal low"? Are we even close? IWM is close to some very long term trend support (long term as in March 09 lows) and is outside the BBs and oversold on the daily so I dumped my TZA ah @ 16.37 on that move down. This is the TZA I've held for a while which made me feel like I was running through hell with gasoline drawers on. I think it still has a teeny ways to go before a bounce but didn't want to chance it. There's been 4 monthly candles that have tapped that trend line since March 09 and all have left a monster tail. Quick monthly view: Monthly candle currently engulfing. Fugly.
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