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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: candlestickit who wrote (30340)12/24/2018 10:56:33 AM
From: humble1  Read Replies (1) | Respond to of 41015
 
Impressive trading candlestickit. There were many good ones here, great really, during the Panic of 2018, but none better than you.



To: candlestickit who wrote (30340)12/24/2018 11:19:36 AM
From: Fintas  Read Replies (3) | Respond to of 41015
 
candlestickit. I had a safe target of VIX at 34. So was the 33. ish today close enough? I doubt it.

There's too much downside yet to come. Those who shift to the long side will have their moment in the sun but those thinking we are going to turn to take out previous highs in year in 2019 might want to re consider.

I'll put up a PNF chart point. In the world of PNF ya can't turn DOWN till we stop going UP. And ya can't turn UP till we stop going down.

The key is what value box is in control and what smaller ones have or haven't turned.

On the way up it was the 486 and the 97.2 just would NOT turn down. UNTIL..recently. Since then the 108/123/162 has turned down. NOTICE a trend? BUT that 97.2 VB moved an additional 320 ish points before it DID turn down. So how low will we have to go before we see the 162 VB turn UP?

In the meantime while we wait for a bottome we might see rallies of 3- 34.02 value boxes aka 102 points or 3 -54 value boxes aka 162 points but MS SPX has a date with 2278/2106/1944 just for kicks and giggles. IMO THAT suggest MS VIX will take out your 40 from a longer term perspective and not just some SPIKE to create the ZOOM to then see the selling.

Here and now maybe 33 ish is it to drop it back down to the low 20's. TWT.

BUT for the record I kicked out my SDOW, SOXS SQQQ into strength. I'll reposition accordingly.

IMO Fintas

Fintas