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The Candlestick Corner All about candlesticks. Moderated by brownsfan019.

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Old 11-09-2007, 10:21 AM   #1

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For you candle chartists....
How you like this chart? Which direction would you think it's headed?
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Old 11-09-2007, 12:38 PM   #2

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Re: For you candle chartists....
I need volume, but looks like a solid short
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Old 11-09-2007, 12:42 PM   #3

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Re: For you candle chartists....
I'm with ranj, like to see volume too - but I would go with the high odds and short - nice close stop too.
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Old 11-09-2007, 12:43 PM   #4

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Re: For you candle chartists....
Well...no volume there as it's a chart of the VIX.
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Old 11-09-2007, 12:52 PM   #5

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Re: For you candle chartists....
Ohhhh great, so I'm short vol. now - thanks for that Tin......LOL
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Old 11-09-2007, 12:59 PM   #6

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Re: For you candle chartists....
HA! I am...Id love to see a decrease in vol right about now.
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Old 11-09-2007, 01:27 PM   #7

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Re: For you candle chartists....
Down, it's up against support with longer upper shadows and decreasing bodies. That's a sign that the current move (up) is losing steam.
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Old 11-09-2007, 01:31 PM   #8

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Re: For you candle chartists....
YUp, just what I think, too. Market's really quiet, too, for SPX being off 13.
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