i am feeling a bit bullish this morning....it doesn't take much to tickle an idiot! hehehe...>NOBODY KNOWS WHERE THE BOTTOM IS< especially me! IDKS
first off lets look at the indecies from a % drop basis...all are very near the 50% area....does that mean anything to you fib heads?
and what about the fins? they deserve to be the low of the low ...and for you fib heads, they are at the 78% retrace level
lets zoom out to get a view of history dow monthly
dow weekly
now the daily
and last the hourly falling wedge
nazsty index monthly
weekly
spx index monthly bla bla bla
very strange how commodities have crashed right along with the equity indecies...it looks like $gold has it's feet under it now...will the indecies follow? me thinks sooo buTT it is strange.
$gold daily
and oil? who knows about this one...buTT if the equity indecies do turn here, i expect oil will follow
and last one on this post....the vix...langy wants this updated buTT i have to admit that i haven't followed the vix closely for all that long..here's what i see...this sell-off is over done and it's time for a rally....i don't know if i should even be using these indicators...IDKS just my wild ass guess
longer term view with what i feel is the "normal" trading range for the vix....someday the vix will settle back into the groove
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