i've never called a market top before, but i think we have it today, or at least a correction coming, because VIX etn short squeeze/1 yr high volume & bullish engulfing in TVIX VXX UVXY today; I'm long all 3 ... thoughts? Ken Calhoun ps bearish engulfing SPY too
Ahh, the old hindsight. Call a top after a 1% drop. The 20% correction is incoming because I am long 3 micro NQ from this morning. THAT is your guidepost.
Might be a short-term top, but with this Fed stance any correction is to be bought (if for some reason you're not long already). Market expectations are shifting to full-on QE4 announcement by the end of Q1 and Caveman Powell won't dare disappoint. Might be the last significant correction we see before the indices blow off.
yes I always know what the market is going to do.....if I am long it will fall......if I sell it spike up
since 2008 there have been 8 times when the market has closed below the previous monthly low. that is proof of a remarkable consistency in the monthly up trend. the trend has to show inconsistency first and it will still go up after that.... before rolling over. a 12-16 year up trend will not turn on a dime and will need large distribution to cause even a 30-50% correction. this is a buy on dip market. no idea how much it will dip though.
'Market top here because TVIX 1-year high volume today?' tomorrow you will get another top on 2 year high volume and another top on 3 year high volume and another top on 5 year high volume and another top on 6 high year volume and another top on 7 years high volume and another top on 8 year volume and another top on 9 year high volume..... are you getting sick of this? these are trading opportunities not market tops. there are none so blind as those who will not see