The home of the innovation of the Logarithm of Time as applied to the Markets.
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Thursday, August 19, 2010
Market probably resuming decline today.
Sometime during today I will probably go short..watching $vix for entry point..
Hi Bill, Actually in this case, I'm looking at the chart posted here, the $RUT rather than the $VIX. You can see the failure just happening at the heavy magenta trendline. I'm using TZA and SRTY to short the Russell 2000...
Sometime during today I will probably go short..watching $vix for entry point..
4 comments:
Mark: What technicals are u using on the $VIX, to indicate an short entry point on, I assume, the S&P500?
Hi Bill,
Actually in this case, I'm looking at the chart posted here, the $RUT rather than the $VIX. You can see the failure just happening at the heavy magenta trendline. I'm using TZA and SRTY to short the Russell 2000...
Mark
I was watching $VIX yesterday, but decided to trust what the $RUT chart was telling me instead...
Plus, I noticed, using Bigcharts that the weekly stochastics had rolled over to the downside...
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