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Post by theMist on Apr 10, 2017 10:32:19 GMT -5
Woo Woo
Go ON take the money and RUN!
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Post by walnut on Apr 10, 2017 10:33:07 GMT -5
Home made concrete blocks to repair damage in my basement stemwall. Think caused by earthquake we had last summer. Needed a very specific size, so made them myself.
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Post by theMist on Apr 10, 2017 10:36:06 GMT -5
I think the bull market top is already in and we are in the very early stages of a bear market. Red closes on days like today will be confirmation let's just get down to SP 2300 before we start talking BEAR market
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Post by walnut on Apr 10, 2017 10:38:05 GMT -5
I think the bull market top is already in and we are in the very early stages of a bear market. Red closes on days like today will be confirmation let's just get down to SP 2300 before we start talking BEAR market To me this just looks like any of the several minor consolidations we have had over the last six months. The triangle forecasted higher still. I don't think it is possible to know yet. Could be...
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Post by novie08 on Apr 10, 2017 10:45:30 GMT -5
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Post by theMist on Apr 10, 2017 10:46:31 GMT -5
there are far better times than these to be short the SCAMs IMO and this move has been slowly building and we're lucky VXX isn't already trading in the 18s image share
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Post by walnut on Apr 10, 2017 11:08:09 GMT -5
CNBC talking up the bull market this morning. Except for Kevin OLeary.
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Post by theMist on Apr 10, 2017 11:08:28 GMT -5
theMist Gassing 'em UP He better not stick his thumb in the hose and blow up my Ford Exploder lol
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Post by theMist on Apr 10, 2017 11:16:09 GMT -5
DOWN You GO, Suffer LONG Down You GO LORD make me STRONG ... Still shackled to the Shadow, Still shackled to the Shadow, that Followed you
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Post by theMist on Apr 10, 2017 11:30:08 GMT -5
roflmao
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Post by theMist on Apr 10, 2017 11:57:25 GMT -5
Walnut - what drop rate do you see? Is it negative number?
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Post by walnut on Apr 10, 2017 12:01:04 GMT -5
front month contango on my screen is right at -3%.. not good yet
rest of the curve looks fairly normal and healthy though.
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Post by theMist on Apr 10, 2017 12:03:55 GMT -5
front month contango on my screen is right at -3%.. not good yet rest of the curve looks fairly normal and healthy though. I know - was just curious if you ran the numbers if you would get a negative number which would help to propel VXX higher does the formula work in that direction as well (during times of backwardation)? drop rate turned into rise rate?
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Post by walnut on Apr 10, 2017 12:22:49 GMT -5
Well, there is a very strong pull now on front month towards spot vix. That is stronger than the contango from m2 to m1. I think m2 is also generally moving to spot vix and is ignoring April. This is what i am seeing and it is why I think VXX will have some strong pressure to drop unless S&P has more trouble.
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Post by walnut on Apr 10, 2017 12:28:13 GMT -5
front month contango on my screen is right at -3%.. not good yet rest of the curve looks fairly normal and healthy though. I know - was just curious if you ran the numbers if you would get a negative number which would help to propel VXX higher does the formula work in that direction as well (during times of backwardation)? drop rate turned into rise rate? Running those numbers, it is still going to be a positive number, will do it later
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Post by walnut on Apr 10, 2017 12:30:26 GMT -5
Not predicting VXX will drop this week though, because the market is still jumpy and S&P could continue to go poorly for awhile.
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Post by theMist on Apr 10, 2017 12:37:11 GMT -5
Seeing backwardation on Friday along with S&P weekly chart is what made me believe markets will be rough this week BUT we all know that can change in a blink. But the ducks are lining up for a pullback in S&P and rise in VIX SCAMs IMO S&P weekly chart Showing indicators just turned bearish. Also, S&P 2300 lines up with 20wma on S&P weekly chart upload image free
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Post by theMist on Apr 10, 2017 12:38:43 GMT -5
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Post by theMist on Apr 10, 2017 12:53:16 GMT -5
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Post by lasvegas77 on Apr 10, 2017 12:54:18 GMT -5
You guys need a vacation.
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