tag:blogger.com,1999:blog-897456774486153841.post3383435920373337519..comments2024-03-29T03:46:10.767-07:00Comments on VIX and More: NDX Fails Briefly, Other Indices Hold BottomsBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-897456774486153841.post-41555239345723081992008-01-26T04:05:00.000-08:002008-01-26T04:05:00.000-08:00Instead of trying to predict a bottom, and more of...Instead of trying to predict a bottom, and more often than not be wrong about it, it is usually better to wait for a clear trend to have established itself, before going long again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-84097977058892783842008-01-23T19:32:00.000-08:002008-01-23T19:32:00.000-08:00Time for everything to bounce, so we can all re-sh...Time for everything to bounce, so we can all re-short. Charts for the Big Bounce bounce that's developing: (http://benbittrolff.blogspot.com/2008/01/charts-for-big-bounce.html)<BR/><BR/>TheFinancialNinjaBen Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-20777509865487253022008-01-23T18:41:00.000-08:002008-01-23T18:41:00.000-08:00Interesting Chart. Look at the top Bollinger Band....Interesting Chart. Look at the top Bollinger Band. It hasn't even started coming down yet.Brianhttps://www.blogger.com/profile/16296009610136764552noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-34627391164659266772008-01-23T09:18:00.000-08:002008-01-23T09:18:00.000-08:00It's very early, but that test of NAS 2218 a momen...It's very early, but that test of NAS 2218 a moment ago appears to be holding, increasing the likelihood that this is a ST bottom.Bill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-26513661691301876102008-01-23T08:50:00.000-08:002008-01-23T08:50:00.000-08:00I wish there were easy answers, Adam, but there ar...I wish there were easy answers, Adam, but there aren't. Instead, what we have is mostly probabilities -- and time frames. Better yet, think of different probabilities spread across a matrix of possible outcomes on another matrix of time frames.<BR/><BR/>Calling bottoms in advance is an expensive parlor game, for the most part. This pain could continue for another 10-20% down -- and trigger a bunch of 'oversold' signals on the way down.<BR/><BR/>At some point the marriage of fundamental data, technical analysiis and market sentiment indicators will lead to a bunch of conflicts, including the present situation.<BR/><BR/>I happen to think that there is a good probability that a bottom will form within the next week, but how long that bottom will hold and how much more pain will be involved even if that bottom holds are much harder questions to answer.<BR/><BR/>I continue to be mostly in watch and wait mode. You don't always have to have a bet down. Often it is better to let the market make up its mind before starting to play jellyfish.<BR/><BR/>Good trading,<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-83345721251464236312008-01-23T08:40:00.000-08:002008-01-23T08:40:00.000-08:00With NDX now trading 22 pts below yesterday's low,...With NDX now trading 22 pts below yesterday's low, and thus the testing of yesterday's bottom, does it mean it is ready for a temporary rebound? Of course, it has yet to form the "death cross" perhaps the last one standing,and so does it mean it has more pain to endure?<BR/><BR/>Again, I appreicate your patience with my naive questions.Unknownhttps://www.blogger.com/profile/04505899996323371191noreply@blogger.com