Wow, fade this opening..

Discussion in 'Trading' started by Div_Arb, Apr 20, 2007.

  1. You nailed it buddy.
    #31     Apr 20, 2007
  2. Straight up and straight back down.
    #32     Apr 20, 2007
  3. Futures just pulled in 1.50.

    Fade over, this is the dip to buy.
    #33     Apr 20, 2007
  4. We're giving this whole thing back.
    #34     Apr 20, 2007
  5. Please see the first page of this thread and just cut me a check now. :D
    #35     Apr 20, 2007
  6. 1/4 position YM @57, tight 9pt hard stop... a good bounce likely, but not expecting much until late.

    Osorico :)

    EDIT: stop moved to 53. no action = not ready to pop :confused:

    EDIT: stopped @53. Will look long later.

    Good trading to all,
    #36     Apr 20, 2007
  7. S2007S


    new intraday highs should be here soon. buy this fade, :D
    #37     Apr 20, 2007
  8. Div_Arb


    You are absolutely correct, and I do not base my trading on the VIX alone. However, when it reaches extreme conditions, it can be quite predictive. The fact that it gapped down huge and is now positive is good indication this rally has weak legs, in my opinion.

    #38     Apr 20, 2007
  9. Corelio


    Could you explain a bit further on the predictive nature of the VIX at extreme conditions? What do you define as extreme? 20-day highs/lows, 10% above or below a certain MA, etc?

    A strict definition of the 'extreme' condition can be quikcly tested...and I'll be glad to do so.

    #39     Apr 20, 2007
  10. for those who missed my comment from 60 min ago.
    #40     Apr 20, 2007