More UVOL/DVOL at work.
Posted by MC on Sep 4, 2008
OK…I realize today was a big down day…but given 7 to .5 ratio of DVOL there had to be hidden buying of some sort in there. That many sellers would have had more impact than we had today IMO. Instead the dow has flattened out and traded relatively sideways.
Plus watch the TRIN…it’s very hyper extended and at these levels there is a good chance for a big push down which should in turn boost the dow.
JMHO. ![]()
VIX > TRIN
Posted by MC on Apr 18, 2008
Yesterday (17th) I pegged a prime entry on the YM’s opening pullback to 12,570 for a long in the fourms chat. Today I nailed the opening trade again…long on a pullback to 12,780-12,790 was the call at 9:34am.
Then using the chart below I picked the prime short entry which worked quite well. The main reason for this post isn’t to brag, but more about why I prefer VIX 1000% over TRIN myself, it shows way more detail in my usage.
Compared to TRIN in the same point.
So yes TRIN moved up but it still was range bound, where the VIX showed a formation which had broken out and gave a great signal.
Good trading and I’ll see you in the chat next week. ![]()
MC
MC’s Friday night DOW review
Posted by MC on Apr 12, 2008
Hrmmm…thoughts? I don’t like that volume at resistance at all. Tell us what you think in the forums. ![]()
I’d much rather have seen low volume on a failure to breakout, seems like possible distribution to me.
I might say that was decent volume, so all effort with no result.
Now the TRIN did close well above 2.0 so the odds of an up day Monday is very high. If we fail to break up we could be in for some hurt and blood.
This chart shows some volume stepping in at a trendline based on the weekly as well as a complete gap fill from back on 3/31. We now have the open gap above formed from todays opening gap down.
I have a bullish bias for the DOW on Monday. It should be interesting, then again what day in the market isn’t interesting? ![]()






