Mactheriverrat 3,157 posts msg #141727 - Ignore Mactheriverrat |
2/2/2018 2:12:24 AM
Is it just me or are the Markets looking for that long term correction that people talk about?
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pthomas215 1,251 posts msg #141728 - Ignore pthomas215 |
2/2/2018 2:25:16 AM
I think price just needed to move closer to home, the moving average 20...through both consolidation and time...meaning some days are just neutral. I do think the bigger 5-10% crater will happen in the next month.
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Mactheriverrat 3,157 posts msg #141729 - Ignore Mactheriverrat |
2/2/2018 2:55:55 AM
Agreed PT on that.
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Mactheriverrat 3,157 posts msg #141762 - Ignore Mactheriverrat |
2/2/2018 1:44:30 PM
Well its wasn't like nobody didn't see this coming.
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pthomas215 1,251 posts msg #141766 - Ignore pthomas215 |
2/2/2018 1:53:31 PM
Total sh7t show. XIV will be a screamin buy. you could have also looked at IWM on the charting wealth system to see this coming.
Appears to me the 38% retracement from 52 week high is where it might settle. just north of 114.
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Mactheriverrat 3,157 posts msg #141767 - Ignore Mactheriverrat modified |
2/2/2018 2:01:38 PM
Yes PT
Not much volume on major indices selloff. To me that says a chance to buy on pullback on xiv and a lot of up trending stocks.
Nothing really bad about this Bull market just a good little correction.
IMHO!
Have a good weekend everyone.
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Mactheriverrat 3,157 posts msg #141769 - Ignore Mactheriverrat |
2/2/2018 2:10:20 PM
Look dia,spy,ndaq,imw all are about average volume. No great crash and burn selloff. Just a chance buying opportunity coming soon.
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davesaint86 725 posts msg #141779 - Ignore davesaint86 |
2/2/2018 3:43:50 PM
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Cheese 1,374 posts msg #141787 - Ignore Cheese |
2/2/2018 5:16:33 PM
per Eli Mintz,
$VIX is in backwardation today Feb 2, 2018
($VIX futures contango is negative and settles at -4.16%)
There is a tail wind for $VXX and $UVXY holders
The long term $VIX futures are the best guess of the market at what average volatility will be like going forward.
Market believes that going forward, $VIX will be lower than current spot $VIX of 17.31
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Mactheriverrat 3,157 posts msg #141801 - Ignore Mactheriverrat modified |
2/3/2018 10:41:59 AM
Submit
To me this code could be applied to any filter from 13th_floor's deadly combo to TRO's Run Forrest Run to just a filter of S&P 500 stocks as a trigger. Using cma(DMA(8,-5),1) above (+)/below(-) previous cma(DMA(8,-5),8) as the trigger.
Just throwing this out there for people to study if they want.
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