Are we simply doing a classic old fashion Friday sell off to graph a down week the week before options expiration with an up week coming during the week of expiration... I would like to see the VIX daily/weekly revisit the lows if not print lower... #msg-40373797VIX SPY QQQQ d/w/m vix 60m BBands are now 1 point wide! (25~26) What do you make of all this chi?
The ONLY red month in 2003 was August after the jan-feb 2003 bottom. And MERELY an spx 50-point swing at that. EVERY other month was white candles including jan of 2004. For those of you looking for the ''last chance to get in correction,'' we already had it. It's over. It's gone. On CHI2's weeklies it's called 'large wave 2.' Woe to those who take the cnbc bears seriously. Dennis Kneal and Cramer are right ALL ALONG and all the bears are wasted upon the pile of dung heap formed by the earlier shorts. The first 6 months of 2004 was a bit tough for bulls. Spx From 1160 in feb to 1060 in july. But by november of 2004 spx was 1220. Next year ended 1300 and by 2006 ended at almost 1450. Good Luck All. All the monthly T/A is now ''go'' IMHO.