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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (26123)12/23/2001 9:27:25 AM
From: JRI  Read Replies (2) of 209892
 
Hate to be a pain in the arsh, but I have not been able to read all posts last 2 weeks, and I'm a bit unclear if we are tracking either of your preferred or alternate scenarios on COMPX/NDX/SOXX....any update, clarification appreciated...

I see a great opportunity for a VIX-divergence (I know that indicator doesn't turn you on...but its been a pretty good one to range trade) here....and a double top (maybe lower highs?)....I would love to see that "last gap/leg" playing into end of Dec/early Jan. liquidity push....but since many looking for this, will it happen?

I am concerned about the COTs getting less short....the only I can reconcile is that they are anticipating a late Dec/Jan spike too....no other explanation for that I can see (if one believes we are getting heavy down starting in next few weeks)...

Any help appreciated....oh yeah, there is life outside the markets (hard to believe-g)
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