For you candle chartists....

TinGull · #1 (**permalink**) 11-09-2007, 10:21 AM

How you like this chart? Which direction would you think it's headed?

ranj · #2 (**permalink**) 11-09-2007, 12:38 PM

I need volume, but looks like a solid short

mister ed · #3 (**permalink**) 11-09-2007, 12:42 PM

I'm with ranj, like to see volume too - but I would go with the high odds and short - nice close stop too.

TinGull · #4 (**permalink**) 11-09-2007, 12:43 PM

Well...no volume there as it's a chart of the VIX.

mister ed · #5 (**permalink**) 11-09-2007, 12:52 PM

Ohhhh great, so I'm short vol. now - thanks for that Tin......LOL

TinGull · #6 (**permalink**) 11-09-2007, 12:59 PM

HA! I am...Id love to see a decrease in vol right about now.

james_gsx · #7 (**permalink**) 11-09-2007, 01:27 PM

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.

TinGull · #8 (**permalink**) 11-09-2007, 01:31 PM

YUp, just what I think, too. Market's really quiet, too, for SPX being off 13.

james_gsx · #9 (**permalink**) 11-09-2007, 01:54 PM

I've noticed that these 150+ YM and 10+ ES swings are no longer a big deal. I remember when the Dow would shoot up 100 points and it would be all over the news. Now if it doesn't have two 100+ swings a week then it's easy to assume all the big dogs are on vacation in the Hamptons

TinGull · #10 (**permalink**) 11-09-2007, 01:56 PM

HA! Aint that the truth

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