Hi T,
Two of the very best market timers I patiently wait for are currently worthy of continuous observation.They don't occur often and signal a capitulation bottom is in the not too far off future (thank goodness)
They both signal a high probability "Buy the dip and hold" trade will pay off in spades with a capital gains tax benefit.
1) put/call ratio in excess of 1:1:http://stockcharts.com/def/servlet/SC.web?c=$CPC,uu[l,a]mjclynmy[pb50!b200!d20,2][iUl14!La12,26,9!Lp14,3,3]
2) vix spike to the 50-60 range:http://stockcharts.com/def/servlet/SC.web?c=VIX,uu[l,a]mjclynmy[pb50!b200!d20,2][iUl14!La12,26,9!Lp14,3,3]
TIMES ARE GETTING VERY SIMILAR TO OCT 7/8 1998.
Cybersaavy's chart suggests tuesday or wednesday could be very interesting.Both the put/call and vix peak very quickly and they mark buy periods with exceptional discounts in price and great value.
Thanks to all for their work on this great thread.
I'm trying to learn how to lurk in your trade room - but am not getting my mic to test ok on Yahoo.
I'll continue to learn.
Bob |
