SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (169359)3/10/2021 4:00:33 PM
From: sense  Respond to of 217616
 
And, now the $VIX put March 24 $20 is at $0.19 up 90%... those below the $20 bound not sharing...

The bounce in QQQ at $312 now is much like that in gold... not making it back up to the turning toward descending 50 MA at $320 yet ($320 also being the centerline in the bollies already pointing lower and crossing the 50 MA lower today... ding ding ding ) and looking longer in the tooth as time passes... 200 MA support at 285... beyond which a bear market might actually begin... Current trends extended still not getting it there for two weeks to a month... last of March to mid April...

The Ides of March ( /a?dz/; Latin: Idus Martiae, Late Latin: Idus Martii) [1] is the 74th day in the Roman calendar, corresponding to 15 March. It was marked by several religious observances and was notable for the Romans as a deadline for settling debts

So, a day or two higher "maybe" to test the $320... but ADX says "acceleration" is increasing... so the daily excursions with wiggles in the +DI -DI directional indicators should be getting larger... but thus far where that shows up is in larger excursions in the direction of flow and magnitude of the volume more than the price...

I'm thinking a move down to honor Julius Caesar's last day... would be a reasonable expectation...

The limited history thus far says the pattern in two cycles is three ($10) steps down in price, one and half steps back up... down days being 5 to 8 in a row... up days being 2 to 3 in a row... all of which is where we are today... suggesting the next leg down starts tomorrow... or maybe waits to Monday if there is energy to test the 50MA first... then taking 5 to 8 trading days and coinciding with the 285 of the 200 MA... up again to avoid it... before testing it for real after another week or so? All speculation based on "chart gazing'... continuing patterns... but it fits..

Options bets... probably the first big payoff available when at risk of crossing the 200 MA at 290 in two weeks or so... the pricing making "cheap" near the March 31st 210... maybe the better bet the April 16 at 190 with tax day helping to drive a bit of selling...