I start using Tony to make my case.
Especialy when he doesn't believe what he said. LOL...
SO we have the "Dollar trade of last resort."
Looking at this...... Tony was looking at the Vwap and saying we would close on it, but we bounced off the trend.... Third time is the Charm(this is 2)... I guess there looks to be a chance of the upsides spike.
Looking at this...... Tony was looking at the Vwap and saying we would close on it, but we bounced off the trend.... Third time is the Charm(this is 2)... I guess there looks to be a chance of the upsides spike.But besides the VWAP we had that Trendline to test....
I know I get "Wonky" when I talk about technicals on the VIX....
We have been playing with a support level in it, And I'd almost like to see a "Trade of last Resort there."
The end of day move was not confirmed by any other correlation besides the Vix...
But on just about every time frame we now have a very solid MACD divergence....
Regardless of the raindace by your's truly...... We are so fucking close you can Smell it...
Very clean 3 push... The intraday went 4.... guess the End of day move has me guessing.... but it gave Cramer some hope.... Some Slope of hope Maybe.....
I also keep thinking we will get sort of a sideways move to exhaust this Sucker!!!
THAT IS MY STORY AND I"M STICKING TO IT.... 170Million shares today...
4 comments:
Bounced off vwap... I guess I should have said that we would close no lower than vwap, which is what I meant.
Sure, overbought, diverging MACD... but still going higher.
What of the late day money today? Not really enuf volume for organic mutual fund money... or was it?
That last 30 min has become clockwork.
what it needs is a dollar catalyst.
I also suspect this will end with a series of 3-5 day pause...
I just think we can go down and start my right shoulder... then we make it on the "better than expected NFP"...
or I'm wrong again...
Yes we "can" form a right shoulder. Si, se puede!
But will we? We can also melt up, ala Naz in 1999-2000 (still boggles my mind having lived thru it and watching it in disbelief go from 2000 to 5200). I am never surprised by the ability of traders to find a greater fool.
Back to the trade of last resort and the wait for NFP.
the ADP "Anticipated" to be much better than expected.
and that we have solid "Sell" indicators that neither of us.. or that we are still "Cautious" about.
seems like a good indicator.
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