10/30/2009 After Bell Quick Summary

Cobra

OK, I said yesterday, a V shape bottom is rare. So what the chances are that we get another V shape reversal the next Monday? And even we got that, what the chances are that it’s a bottom (since it’s a sharp V shape again)? Also think about this: The Monday’s reversal, if any, reverses the Friday’s reversal which reversed the Thursday’s reversal. Again what are the chances? You might laugh me at the Monday’s close, but surely I won’t bet against odds, after all, to trade is to win in the long run, so the key is always betting on the higher odds.

 

 

The bottom line, I don’t see any meaningful bottom pattern yet so it’s logic to expect that the Oct 2 lows will be tested next week.

 

 

Enjoy your weekend! Oh, anyone followed my VIX ENV setup? Hope you read the trend table about the pre-condition which is “Close > Open” and which apparently we didn’t get, so no setup at all, right?

 

 

PS. I just got a question asking “Close > Open”. I mean SPY Close > Open not VIX Close > Open. 

stonehorse

first!

dara

man, ban deng

stonehorse

3# buohya

flyingdust

Thank you Cobra!

maopao

enjoy your weekend ^^

Diffusion

风信子

谢谢班长！看来我是得好好学习，补补课了！

silverado

thanks, enjoy the weekend too

连山

OK, I said yesterday, a V shape reversal is rare. So what the chances are that we get another V shape reversal the next Monday? And even we got that, what the chances are that it’s a bottom (sin ...
Cobra 发表于 2009-10-30 16:41

:(13):

Diffusion

Oh, anyone followed my VIX ENV setup? Hope you read the trend table about the pre-condition which is “Close > Open” and which apparently we didn’t get, so no setup at all, right?
Cobra 发表于 2009-10-30 16:41

Should it be Close < Open?

ChuChu888

时利和

Always follow the trend,

Speak out " Follow the trend",  ten times a day.

xnz

thanks, have a nice weekend

nokia

Cobra

Should it be Close < Open?
Diffusion 发表于 2009-10-30 17:00

You kidding, right?

Diffusion

You kidding, right?
Cobra 发表于 2009-10-30 17:05

No kidding. I'm confused. Do you mean $VIX Close > Open? Today it is close > open.

Cobra

No kidding. I'm confused. Do you mean $VIX Close > Open? Today it is close > open.
Diffusion 发表于 2009-10-30 17:06

Oh, that's why. I mean SPY Close > Open.

Diffusion

Oh, that's why. I mean SPY Close > Open.
Cobra 发表于 2009-10-30 17:10

I see...