MARY4MONEY
806 posts
msg #53989
- Ignore MARY4MONEY |
8/12/2007 3:12:51 AM
this is an overlay comparison of the qqqq and the vix- if you look closely every single low on the vix on this graph is a high on the qqqq and every single low on the qqqq is a high on the vix and the higher this vix peak- the bigger and stonger move there was on the qqqq- notice the 2 biggest peaks until now were in july 06-qqqq went 35.5-43.5 8 dollars and then the next peak is the march lows of this year --qqqq went 42-50.66 or 8.5$ up--- well notice the biggest peak in the history of the qqqq- more than 2 times bigger than any other peak for the last 3 weeks-what that means `is that this move should take us up >15$ or to 62$ before the next major retracement--this pictures does not lie- it is 100% accurate at predicting the movement of the qqqq-http://bigcharts.marketwatch.com/print/p...
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MARY4MONEY
806 posts
msg #53990
- Ignore MARY4MONEY |
8/12/2007 3:17:17 AM
go to bigcharts.com-plug in the qqqq into the stock box and press the red button-then goes to the left side coulmn under advanced search-where it says compare- just type in vix- and then press the the tab next to the qqqq symbol- you can compare it on any time frame- look at the 10 day 1 hour -- look at the 1 day 6 months and if you really want the big picture use the 4 year and weekly time frames- you will see the qqqq will likely go above 62 before out next big retracement-this picture is 100% accurate
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karennma
8,057 posts
msg #54010
- Ignore karennma |
8/12/2007 9:05:09 PM
I just finished watching my leavitt brothers video by Jason the Pattern Trader.
He seems to concur with M4M.
If you want to see the video, just go to www.leavittbrothers.com
See: "Chartspeak"
He makes a very strong "bottom" case.
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boswellrw
20 posts
msg #54014
- Ignore boswellrw |
8/12/2007 9:45:31 PM
MARY--did you check the VIX back in 2000. We aren't even close to the highs. Granted 2000 markets were unusual, but it would seem the unusual is now the usual.
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MARY4MONEY
806 posts
msg #54027
- Ignore MARY4MONEY |
8/13/2007 10:39:37 AM
it doesnt matter what vslue the vix is-its only matter what the rsi-2 is of it period
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Koronbock
201 posts
msg #54034
- Ignore Koronbock |
8/13/2007 4:22:46 PM
You may be right Mary, but the emphasis is on MAY...
This market is completely news driven. If more dead bodies are discovered in the basement and a few more big investment funds (or banks) go bust, then we WILL go down, as illiquidity will spread, interest rates as a consequence will rise, consumer demand will go down, housing prices go down, and so forth...a downward spiral. The central banks of the world cannot go on forever pumping (taxpayers) money into failing financial institutions.
We have to wait and see, this MIGHT be a bottom, but who knows...
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nikoschopen
2,824 posts
msg #54036
- Ignore nikoschopen |
8/13/2007 5:04:52 PM
The inconvenient truth we all know but never openly admit is that certain delusional optimists have a bad habit of calling for the bottom in perpetuity. By all means, they will be deemed correct in their eyes because their dogged perseverance will not stop until the bottom does in fact occur. Then they'll declare themselves as victors by saying, "there, I was right all along!"
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Koronbock
201 posts
msg #54054
- Ignore Koronbock |
8/14/2007 11:01:15 AM
This certainly does not look like a bottom.
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nikoschopen
2,824 posts
msg #54055
- Ignore nikoschopen |
8/14/2007 11:26:35 AM
It looks more like the bottom will be falling out anytime now. One thing I should add is that just as you shouldn't marry the stock you trade, you should judiciously avoid being biased towards one market direction. Take it from this perma-bear. lol
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killerdude
32 posts
msg #54069
- Ignore killerdude |
8/14/2007 9:04:04 PM
I think Mary's money just screwed the pooch!!
Dood
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