Guess also that 9100 Dow is possible, less sure about my SP 1000.
FWIW, my old CCI/StochRSI setups
VIX was close to give the get out longs signal this morning at open
stockcharts.com[m,a]daclyyay[dd][pd20,2!b200][vc60][iLd20!Lo14]
while the VXN is still in a go long position
stockcharts.com[m,a]daclyyay[dd][pd17,2!b200][vc60][iLd17!Lo14]&pref=G
as on the VIX, the CCI now is above -100, the signal is to close longs, so maybe no VIX 30 this time: we should have a h345 of a rally to go that low.
OTOH, what just appeared to me, we could have a bullish pennant here, with a pole origin @20. Almost 40 pts measure onve broken the triangle aroud 50. That is VIX 90 coming <ggg>
On the YHOO lwside thread, Bob Bronson has the intermediate top to be reached this very week, not even waiting for elections (before the major bottom this quarter).
Interesting times, both longs and shorts could be lining up for soup around Halloween. <ng> |
