karennma
8,057 posts
msg #57107
- Ignore karennma |
11/28/2007 3:57:56 PM
I'm talking about M4M's VIX chart overlayed with the Q's.
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EWZuber
1,373 posts
msg #57108
- Ignore EWZuber |
11/28/2007 3:59:05 PM
I use what I call the Convergent Stochastic Theory. It called for a bounce right at the COMP 50 WK.MA which is exactly what happened.
Take a look at a Daily and Weekly Chart and note the cooresponding oversold conditions in both time frames just as the COMP was testing the 50 WK.MA as support. Slow stochastics fast %K and slow %D had already converged.
Then move your focus to the shorter time frames. Note the Hourly Chart where we have a double bottom pattern. Then this morning the COMP gapped up exactly to pattern resistance and confirmed it as support first thing.
The fact that this all took place right at the 50 WK.MA as support ties it all together.
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karennma
8,057 posts
msg #57112
- Ignore karennma |
11/28/2007 4:11:15 PM
ok, Nikko.
I got it.
I have certain formulas I HAVE to work with ....
$SPX did NOT break 1400, therefore .....
thanks.
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welliott111
98 posts
msg #57117
- Ignore welliott111 |
11/28/2007 4:27:46 PM
http://seekingalpha.com/article/47251-etfs-with-a-50-correlation-to-the-vix
Use some of these as your VIX indicator in SF
EX. ind(sds,rsi(2)) > 95
ind(sh, rsi(2)) > 95
Add this to your big movers such as TRO's "jumper" filter
or any high day range filter
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marine2
963 posts
msg #57149
- Ignore marine2 |
11/29/2007 1:59:43 AM
What's the big deal? We knew the credit markets were punishing the markets, we knew gas was flying upward, we knew housing was horrible, we knew the market could very well go down 10%.
Look at history and you will see, to sustain markets we need to see temporary rests. This fuels the markets to accelerate to greater heights.
Our lives depends on these markets to thrive. This is why we have mechanisms to giggle things, either by lowering the fed rate, convince Opeq to put out out more oil to lower the barrel of oil, and calm hostile countries down and behaving for the betterment of our world.
Bottomline, when times look bad, don't gamble on stocks, sit tight and let the system stablilze then when commons sense tells you its ok to dive in again then go right ahead.
Always remember the well used phrase, the pause that refreshes.
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petrolpeter
439 posts
msg #57151
- Ignore petrolpeter |
11/29/2007 4:33:32 AM
I see nothing?Create a couple filters.Put the date offset at the beginning of this short covering rally.Results should be all green,if not toss into the recycle bin.
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maxreturn
745 posts
msg #57179
- Ignore maxreturn |
11/29/2007 3:16:21 PM
"...Can anyone tell me how he knew?" Karen, please. He didn't. If you would take the time to go through his postings during the July decline and also in the recent decline he was calling bottoms all the way down. My breadth indicators and technical analysis indicate that we may indeed have put in an intermediate term bottom BUT it would be wise to look for confirmation before you go all in on the long side. Take the time to look at past declines to see when the market really took off. Until price is able to rally above at least the ema200, ideally the ema50 and then finds support, there is no confirmation. IMHO even if the market does rally it is likely to be stopped cold at the October highs. VERY formidable resistance at that levels. My 2 cents.
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TheRumpledOne
6,407 posts
msg #57188
- Ignore TheRumpledOne
modified |
11/29/2007 6:18:59 PM
That's how!
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karennma
8,057 posts
msg #57192
- Ignore karennma |
11/29/2007 7:27:29 PM
Holy mackerel!
Now THAT tells me something!!
WOW!!
Thanks, TRO.
I owe you an Xmas gift!
;>)
ewe's truly,
k.
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TheRumpledOne
6,407 posts
msg #57193
- Ignore TheRumpledOne
modified |
11/29/2007 7:32:32 PM
Well, I posted the BOTTOM FINDER STATISTICS filter just a couple of weeks ago.
Aren't you traders using these tools?
And if you don't like RSI(2) then just substitute your favorite "squiggley line" indicator...LOL!
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