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Post by sp7015 on Sept 7, 2010 14:37:00 GMT -5
If we don't rebound will the daily candle on sp 500 be considered a bearish engulfing? No because that has to 'engulf' the previous candle meaning its body has to cover the entire or most of the candle before it.. In this case we gapped down and didn't really recover much. This would be more of filling previous gaps. cool thanks
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Post by abdogman on Sept 7, 2010 14:38:41 GMT -5
If we don't rebound will the daily candle on sp 500 be considered a bearish engulfing? No because that has to 'engulf' the previous candle meaning its body has to cover the entire or most of the candle before it.. In this case we gapped down and didn't really recover much. This would be more of filling previous gaps. Thx Ccash Exalt!
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Post by abdogman on Sept 7, 2010 14:39:41 GMT -5
BB's spreading now on 1m for xlf fas faz xlf 14.24 on 1m
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Post by abdogman on Sept 7, 2010 14:45:51 GMT -5
BB's stopped spreading on 1m xlf fas faz xlf 14.22 on 1m macd neg now on 1m xlf
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Post by clearwaters on Sept 7, 2010 14:47:10 GMT -5
Thanks for all the info today Abdog!
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Post by ccash04 on Sept 7, 2010 14:47:18 GMT -5
I don't watch the S&P as closely as others here but it would have been nice to smaller consolidation not greater than 1% losses or close to it.. However, volatility has been the name of the game so I'm at a loss as to rally.. I'm hoping long but I could see it go either way..
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Post by abdogman on Sept 7, 2010 14:51:29 GMT -5
vol coming in to xlf now 14.19 on 1m
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Post by abdogman on Sept 7, 2010 14:52:58 GMT -5
BB's spreading now on 1m xlf fas faz xlf fas riding lower BB at moment xlf still 14.19
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Post by abdogman on Sept 7, 2010 14:56:04 GMT -5
xlf 14.185 on 1m
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Post by ccash04 on Sept 7, 2010 14:59:07 GMT -5
FWIW SP I've seen you play options, if you look at the VIX, I think its rangebound and the lower end of the range seems to be 21-22.. If you start buying volatility around there and selling volatility at 26-27.. Seems to be a decent trade as of late.
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Post by abdogman on Sept 7, 2010 15:00:02 GMT -5
Have A Good Night Gang........See ya in the AM......GLTA!
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