Wednesday, May 6, 2009

VIX: Do Or Die Time


If we see pattern failure on this giant wedge then rally still on. If we reverse higher from here on VIX, then rally to stall here.
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7 comments:

  1. ShawnMay 6, 2009 at 8:26 AM

    I mentioned the other the wedge that I think is in play. VIX must not crossed below $32 today.

    http://img513.imageshack.us/img513/4058/vix.jpg

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  2. StewieMay 6, 2009 at 8:34 AM

    yes shawn. I am looking at the same thing but still playing it long till we a definite break.

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  3. ShumushuMay 6, 2009 at 8:42 AM

    http://screencast.com/t/TZeAUPPdcw

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  4. StewieMay 6, 2009 at 1:05 PM

    pattern failure it is.

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  5. ShawnMay 6, 2009 at 1:10 PM

    FYI. VIX has a descending triangle in the last 10 days. Typically that would resolve to the upside, soon.

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  6. ShawnMay 7, 2009 at 7:21 AM

    I might have posted here the other day. TLT, USD, VIX and XLF all lining up very well today for the top.

    Would love your comments Stewie.

    1) TLT bottom at $95.x. As pointed out earlier in an investment survey, bonds is the most hatred class out there.

    http://img49.imageshack.us/img49/1263/tlt.jpg

    2) USD is said to collapse too since it broke down an earlier trend line, but people forget there is the last stronger line. Expect around $83.5
    http://img49.imageshack.us/img49/1939/usd.jpg

    3) http://img513.imageshack.us/img513/4058/vix.jpg

    4) http://img115.imageshack.us/img115/3849/xlfalt.jpg

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  7. StewieMay 7, 2009 at 7:47 AM

    shawn. We are short via TZa and FAZ. this is the best risk/reward i have seen thus far. This morning's gap up had poor leadership and very poor form. watch market internals today for your cue on how aggressive you wanna be.

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