EWZuber
1,373 posts
msg #60119
- Ignore EWZuber |
3/3/2008 2:43:58 AM
OCTL looks compelling. Monthly, Weekly and Daily Charts all look good and volume really picked up. There may be some ST difficulty at the 50 DMA.
LDK appears to be ready to bounce right here as long as the markets don't tank on Monday.
IMO
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EWZuber
1,373 posts
msg #60120
- Ignore EWZuber |
3/3/2008 3:23:25 AM
Looks like Semi's may have bottomed. Monthly Chart stochastics are completely converged for the SMH and many of the underlying semi stocks.
Also, shorter time frames appear to be supportive.
QCOM testing old resistance as support of a ~6 month double bottom pattern.
NVDA looks almost tempting here but want to see a bit of strength first. At least a break above the 10 DMA.
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EWZuber
1,373 posts
msg #60122
- Ignore EWZuber
modified |
3/3/2008 9:16:57 AM
VIX looks extremely bearish for markets.
Monthly Chart in a positive half of the cycle.
Weekly Chart stochastics completely converged after a successful test of the 25 WK.MA as support, indicating a new positive half of the cycle likely to begin..
Daily Chart just broke resistance at the 25 & 50 DMA's and also broke TLR confirming a new positive half of the cycle.
All time frames moving higher.
Hourly Chart appears to be at a cycle top, so we may get a ST drop in VIX down to one of the Hourly Chart MA's, 10~25 HR.
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johnpaulca
12,036 posts
msg #60123
- Ignore johnpaulca |
3/3/2008 9:29:19 AM
my crystal ball says market will open lower with VIX heading higher...imo
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EWZuber
1,373 posts
msg #60124
- Ignore EWZuber |
3/3/2008 10:13:03 AM
Expecting VIX to drop now to at least the 10 HR.MA
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nikoschopen
2,824 posts
msg #60127
- Ignore nikoschopen |
3/3/2008 12:37:09 PM
Guys, we're going down.
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nikoschopen
2,824 posts
msg #60128
- Ignore nikoschopen |
3/3/2008 12:38:52 PM
But considering that we're in a lunchtime grind, nothing should be construed as definite.
Cheers!
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maxreturn
745 posts
msg #60129
- Ignore maxreturn |
3/3/2008 1:00:51 PM
Agree with ZUB. I like to plot the VIX with 200 period bollinger bands. Last few major selloffs in the markets have coincided with VIX making multiple week lows, then bouncing off the 200ma. STILL, until support of 131.73 is broken decisively on the SPY we're still in a range on the daily charts boys.
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nikoschopen
2,824 posts
msg #60130
- Ignore nikoschopen |
3/3/2008 1:06:12 PM
I dunno, Max. Earlier in my trading careerI used to follow VIX religiously. But I have since come to a conclusion that there are better indicators when it comes to actually pocketing money.
At any rate, there might be another slight pop within the next hour before making another drop.
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EWZuber
1,373 posts
msg #60132
- Ignore EWZuber |
3/3/2008 1:29:39 PM
I agree. VIX testing the 10 HR.MA now.
COMP Daily Chart is solidly within a distribution phase.
MSFT has already lost todays intraday support.
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