Market top here because TVIX 1-year high volume today?
- Thread starter KCalhoun
- Start date
i've never called a market top before, but i think we have it today, or at least a correction coming, because VIX etn short squeeze/1 yr high volume & bullish engulfing in TVIX VXX UVXY today; I'm long all 3 ... thoughts?
Ken Calhoun
ps bearish engulfing SPY too
Ahh, the old hindsight. Call a top after a 1% drop.
The 20% correction is incoming because I am long 3 micro NQ from this morning. THAT is your guidepost.
LOOOOOOOOOOOOOOOOL
Top may or may not be in but I think we'll test ATH again before a real top.
Might be a short-term top, but with this Fed stance any correction is to be bought (if for some reason you're not long already). Market expectations are shifting to full-on QE4 announcement by the end of Q1 and Caveman Powell won't dare disappoint. Might be the last significant correction we see before the indices blow off.
yes I always know what the market is going to do.....if I am long it will fall......if I sell it spike up
since 2008 there have been 8 times when the market has closed below the previous monthly low.
that is proof of a remarkable consistency in the monthly up trend.
the trend has to show inconsistency first and it will still go up after that.... before rolling over.
a 12-16 year up trend will not turn on a dime and will need large distribution to cause even a 30-50% correction.
this is a buy on dip market.
no idea how much it will dip though.
that is proof of a remarkable consistency in the monthly up trend.
the trend has to show inconsistency first and it will still go up after that.... before rolling over.
a 12-16 year up trend will not turn on a dime and will need large distribution to cause even a 30-50% correction.
this is a buy on dip market.
no idea how much it will dip though.
'Market top here because TVIX 1-year high volume today?'
tomorrow you will get another top on 2 year high volume and another top on 3 year high volume
and another top on 5 year high volume and another top on 6 high year volume and another top on 7 years high volume and another top on 8 year volume and another top on 9 year high volume.....
are you getting sick of this?
these are trading opportunities not market tops.
there are none so blind as those who will not see
tomorrow you will get another top on 2 year high volume and another top on 3 year high volume
and another top on 5 year high volume and another top on 6 high year volume and another top on 7 years high volume and another top on 8 year volume and another top on 9 year high volume.....
are you getting sick of this?
these are trading opportunities not market tops.
there are none so blind as those who will not see