Oil crushes all in it’s path
Posted by Cire2222 on Jun 8, 2008
Well the dollars solid attempt at a decent rally was put to a screeching halt as Oil exploded to it’s highs. The USD/JPY and EUR/USD trades were good while they lasted but I was stopped out on what was left of my positions. The stock market was destroyed on friday, below you can see a couple follow up charts to a prior post of mine in regard to the SPY breaking down and the VIX breaking higher days before this sell off, this is why I have had a bearish stance. After a large move like friday I do not like to take any new swing positions right away. If your currently short just manage your position and if your on the sidelines stay there, it’s in your best interest. I will continue to have a bearish outlook on this market until the technicals tell me otherwise.
Charts to stare at
Posted by Cire2222 on May 29, 2008
Thought I would toss up a couple charts to keep an eye on
VIX, SPY , TRAN
Posted by Cire2222 on May 25, 2008
The past week we had all eyes on the VIX, Transports and the key stock indicies. We got the breakout moves that we were ready for on all these markets. Here are some follow-up charts
They broke down………
Posted by Cire2222 on May 22, 2008
if you refer to my post yesterday( http://tradersbase.com/daily-review/dow-breaks-trend-others-do-not/index.html ) I talked about a couple markets holding trend lines that should break down this week. Well they all broke except for the VIX. Dow broke down yesterday and today the S&P broke down and the transports broke down. To my suprise the VIX did break it’s down trend but did not close above it. This means to me that the fear is not baked into this market yet and we could have more room to fall. The markets should find a little support here as we approach the 50ema and a piror breakout level that has acted as support a couple times. I would like to get some charts up but it’s really late. So look for a little bounce or some chop but I do expect more selling.
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
