tag:blogger.com,1999:blog-897456774486153841.post3842096504942997171..comments2024-03-29T01:52:41.092-07:00Comments on VIX and More: Where’s Waldo?Bill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-897456774486153841.post-7996071969007940682007-11-11T15:14:00.000-08:002007-11-11T15:14:00.000-08:00Hi Agustin,It's nice to know that VIX and More had...Hi Agustin,<BR/><BR/>It's nice to know that VIX and More had a global following, but sometimes that means some of my cultural references fall on deaf ears.<BR/><BR/>So I checked Wikipedia and learned that <A HREF="http://en.wikipedia.org/wiki/Where's_Wally%3F" REL="nofollow">Where's Waldo?</A> is also translated as Where's Wally/Walter/Charlie/Willie/etc. in a number of different languages (I don't know what his name might be in Dutch.) It is essentially a picture book for a younger audience which challenges the reader by putting the likeness of the same Waldo figure in a variety of visually complicated images and asks the reader to find him.<BR/><BR/>The point of my post was that whenever there is a long red candle in the weekly NASDAQ chart (I only went back 6 years) I could not find a subsequent candle where there was a bounce back rally (the metaphorical Waldos) the following week...so (contrary to what I had expected to find), recent history argues against a bounce back rally.<BR/><BR/>I'm still bearish and will be looking closely to see if the bulls are able to make any headway in the coming week.<BR/><BR/>Cheers,<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-41128551717885940892007-11-11T14:24:00.000-08:002007-11-11T14:24:00.000-08:00Bill. You were bearish on the market, and bullish ...Bill. You were bearish on the market, and bullish on the VIX. Well done! Now, could you please translate your last post into plain English? Thanks in advance. Agustin @ www.liquidityblog.blogspot.com.Agustinhttps://www.blogger.com/profile/16209146710306589853noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-40638270389767254072007-11-11T08:00:00.000-08:002007-11-11T08:00:00.000-08:00Yes, that's what happened in August 2004. After t...Yes, that's what happened in August 2004. After the big red bar, there is another small red candle that coincides with the near-term bottom and the 1750.80 on the chart. This is then followed by two big up weeks and a bull leg that is uninterrupted until the end of 2004.Bill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-23026951738491815682007-11-10T12:14:00.000-08:002007-11-10T12:14:00.000-08:00I see your point, and it's a good one. I do wonde...I see your point, and it's a good one. I do wonder about one point on the chart - August 04 - is there a strong upside reversal there two weeks after the big red bar, or no? I could be wrong, just thinking out loud.Mike Ghttps://www.blogger.com/profile/18267362051369695129noreply@blogger.com