The vix is useless. I would not read much into it.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
How Do We Nail the Bottom?
- Thread starter netedge
- Start date
Quote from stock_trad3r:
The vix is useless. I would not read much into it.
If you believe the markets move on fear (panic) and greed, then the VIX tells you a lot as a read on the emotions in the marketplace.
If you think the markets move primarily on fundamentals, then you can ignore the VIX.
Stock, why don't we just have the government take over the market, then even if its in a tailspin like this, they can say all is well. That worked great for russia didn't it? You talk a big game, but in reality you seem to always have your hand out begging for assistance. Do you actually have any money invested in the market right now?
Quote from frank grimes:
Stock, why don't we just have the government take over the market, then even if its in a tailspin like this, they can say all is well. That worked great for russia didn't it? You talk a big game, but in reality you seem to always have your hand out begging for assistance. Do you actually have any money invested in the market right now?
Many sectors do not need govt. help but govt. intervention is the proper action in a deflationary economic situation by either taking over important failing companies and injecting liquidity.
Quote from stock_trad3r:
We´re only at yesterdays lows. not a big deal, really. no good reason for selling
people need to stop selling. that would help alot. aso need more bailouts. shorts should be forced to cover.
I no longer believe that you're for real. No one can be that stupid. You are somewhat entertaining, but only for a short time, and then you get annoying.
Ok so here is the critical retest of the low of 10/10. Unlike Friday we actually BROKE the low of 10/10 on the ES (emini S&P) of 837 at 3am and dropped all the way down to 825 on the low this morning. Now we have penetrated the low and are experiencing a bounce as anticipated from there.
The key today is do we hold the bounce or do we once again penetrate the low - this time 825 and continue down to the last bear market low of 768 from here? I think what happens today tells us a lot about what we need to know for the next few weeks in this market. Stay tuned....
The key today is do we hold the bounce or do we once again penetrate the low - this time 825 and continue down to the last bear market low of 768 from here? I think what happens today tells us a lot about what we need to know for the next few weeks in this market. Stay tuned....
We've had a 40 point bounce in the S&P since the 3-4 am period this morning. Pressure to hold the new double bottom? We'll see today.
This could be the retest we have been lookinig for since the 10th. Look for potential resistance on the long side at 897 which was the late day high rebound area on Friday on the hourly chart.
This could be the retest we have been lookinig for since the 10th. Look for potential resistance on the long side at 897 which was the late day high rebound area on Friday on the hourly chart.