The RSI 2 reading above 90 is a short on one of these systems.
871 is the median BB which should be touched at a minimum.
S/T Sentiment is getting up there.
"6 days of strength" starts tomorrow yadda yadda
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p55345993257&a=94546561&r=4756.png
RSI 2 short triggered
Started by
Rogerdodger
, Jan 28 2009 11:06 AM
13 replies to this topic
#1
Rogerdodger
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#2
tommyt
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Posted 28 January 2009 - 11:10 AM
many itching to short..hmmmm.
#3
vitaminm
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Posted 28 January 2009 - 11:22 AM
rsi2<rsi3?
sds?
vitaminm
#4
Russ
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Posted 28 January 2009 - 11:33 AM
Vix is also looking pretty done here now too and it closed its big gap.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=1&mn=0&dy=0&i=p67614536171&r=9214.png
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=1&mn=0&dy=0&i=p67614536171&r=9214.png
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"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#5
Rogerdodger
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Posted 28 January 2009 - 11:43 AM
Recently, if it's any guide, those long VIX tails have indicated tops.Vix is also looking pretty done here now too and it closed its big gap.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p78628010594&a=27927380&r=8252.png
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#6
Russ
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Posted 28 January 2009 - 12:02 PM
Let's not forget the nice channel on the vix. Despite this I think the market will keep going up into the spring, but first another pull back it looks like.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#7
Rogerdodger
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Posted 28 January 2009 - 12:16 PM
NOTICE: Stockcharts has now corrected the VIX low to read 38.09.
IMHO, That helps the bullish case a bit.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#8
U.F.O.
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U.F.O.
Posted 28 January 2009 - 12:19 PM
"That helps the bullish case a bit."
Ya think?
U.F.O.
Ya think?
U.F.O.
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#9
Rogerdodger
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Posted 28 January 2009 - 12:25 PM
"That helps the bullish case a bit."
Ya think?
U.F.O.
Yes. As I posted Monday, I believed, the VIX looked like it was wanting to visit the lower BB and it might take till my Feb. 2nd 1st Quarter Moon for any market top.
If it got there already and reversed, that's not bullish.
But it didn't and it didn't.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#10
beta
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lasergirl
Posted 28 January 2009 - 12:26 PM
NOTICE: Stockcharts has now corrected the VIX low to read 38.09.
IMHO, That helps the bullish case a bit.
Thanks, Roger. Was wondering about that 33 spike low.
Daily $VIX chart looks poised for another dive lower.
Looks like a pullback, then another leg higher on SPX coming.
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