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Post by theMist on Dec 16, 2018 21:58:52 GMT -5
Jim's video
I really thought we would have a positive week this week and there were a couple of times when it looked like we would, but then the selling started. I asked a question in the introduction to this video and did not answer it in the video itself. That question was 'when the chart starts to not work, does that mean it is not working... or could it mean it is still telling us something?'. In other words, the failure of the chart to follow through on patterns that look like bullish setups IS still knowledge. And that knowledge tells us that right now the markets are not on firm footing and, as this video explains, would could be in a dangerous position
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Post by theMist on Dec 17, 2018 8:25:59 GMT -5
With Fed on tap, have a feeling that market might be flat to up this week JMHO
Or at least going into FOMC
we'll see...
VIX Scams traded surprisingly weak on Friday with that selloff IMO and trading little weak this morning as well VXX also left behind a lot of gaps this morning on 5 min chart at lower prices - lowest one that I see VXX 39.95 expecting that gap to get filled at some point
VXX currently 40.73 in premarket
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Post by clinton on Dec 17, 2018 10:25:30 GMT -5
IWM hit 52 week low
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Post by theMist on Dec 17, 2018 10:27:12 GMT -5
I'm looking for a rip higher to reshort the markets now
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Post by clinton on Dec 17, 2018 11:05:38 GMT -5
added to GE puts on this pop
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Post by theMist on Dec 17, 2018 11:09:32 GMT -5
Today is gearing up to be a possible reversal day with the morning gap down Have to see the close
think Bulls have a little life left in them still lol looking for higher prices to short into but not today
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Post by clinton on Dec 17, 2018 11:30:50 GMT -5
Today is gearing up to be a possible reversal day with the morning gap down Have to see the close think Bulls have a little life left in them still lol looking for higher prices to short into but not today bull trap IMO
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Post by clinton on Dec 17, 2018 14:21:27 GMT -5
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Post by theMist on Dec 17, 2018 15:03:36 GMT -5
LOL Clinton
So much for the Bulls having a little life left lol Shouldn't have covered my UPRO looking to reshort on a rip
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Post by lasvegas77 on Dec 17, 2018 15:27:21 GMT -5
I must say i am enjoying waking up at noon everyday. Sleeping like a baby while parked in a savings account.
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Post by theMist on Dec 17, 2018 15:38:02 GMT -5
Good job LV
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Post by theMist on Dec 17, 2018 15:39:23 GMT -5
S&P testing Feb '18 lows right now
I'm really surprised volatility isn't a lot higher
Even REITs and Utilities getting hammered today
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Post by theMist on Dec 17, 2018 18:22:37 GMT -5
Gotta watch for snap back rally now that Feb '18 low is holding
Futures up and VIX Scams dropping
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