Just few observations. I'm not convinced by this sell off for few reasons 1) VIX is behaving strangely - it doesn't move up much 2) TRIN does the same as VIX 3) EURO/YEN and DOLLAR/YEN are also telling different story. So I wouldn't be surprised to see a huge STOCKTRADER rally starting tomorrow and going into next week Just my 5c
With the trading BELOW 770.00 tonight, I will look to cover another scale out level in my Rydex positions today if we are at or below 770.00 at the cash open. RESTING inventory down below 750's for the previous yearly low area, so that is like a big MAGNET as price seeks SIZE......we are getting very close now and the Friday cash session could be a wild ride. :eek:
Well I am usually in the ET Chat room each day during the U.S. cash session......fun group in there most days.
OK.....covering my next Rydex scale out target now at the open as the ES trades 764's Next scale out target at 755.00
Very possible sirgiyan..... I chart the $VIX and $TRIN .... today's open is more bullish than bearish...and large trends normally follow a zig-zag pattern moving in one direction up/down. The trading day has only begun and it will be interesting to see how it closes. Here's some info on the YEN http://www.projectstreamer.com/users/cb1618/vidfeb20again/vidfeb20again.html and my $VIX chart http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p23129100789
Covered another Rydex scale out as the ES traded through 755.00.........next target will be as ES trades through 735.00