Place your bets

[vegasmith]

Could be like Birchtree says, rocket ship to the moon. Could be a news-driven correction literally right around the corner. Take a look at this:

http://finance.yahoo.com/echarts?s=%5EVIX+Interactive#chart22:symbol=^vix;range=3m;indicator=ema(200,20,50)+bollinger(13,1.25)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

In the past 2 months the VIX has broke the 5, 10, 20, 50 and is now testing the 200 EMA. The volatility is now ping-ponging between the 50 and 200 EMA.

After April/May's 2010 Correction a lot of people were asking WTF happened. BT rightly pointed out that while equities were going up, so was the VIX. Then when the VIX broke the 200 EMA (around 20) the dam burst.

I don't post a lot but I hope other members are watching Friday's Unemployment report and then March 11's Retail Sales report. If Friday's hyped-up report misses badly followed by a bad Retail Sales report.. the bottom will fall out. Heck if Friday misses badly I wouldn't even wait till March 11th.

Then again if both reports are on target or better than expected, rockets to the moon. We'll just have to wait and see. But I suggest with one finger on the buy/sell trigger.

 

[tsptalk]

Please watch what forum you post in. (I had to move this out of the Account Talk forum).

 

[FAB1]

And isnt March 11th also supposed to be a Rage Day or whatever in Saudi?

Will Oil prices soar/ stocks drop again?

Heap bad medicine.

 

[RealMoneyIssues]

"The Labor Department reports non-farm payrolls increase 192,000 in February, the largest increase since May 2010. The unemployment rate dropped to 8.9% from 9.0%."

Markets gonna be on fire today???

 

[Birchtree]

In Saudi the day of rage may be one of jubilation rather than of protest. That would have an enormous relief for the markets. I think Eygpt should send troops to Libya to help the protesters.

 

[FAB1]

In Saudi the day of rage may be one of jubilation rather than of protest. That would have an enormous relief for the markets. I think Eygpt should send troops to Libya to help the protesters.

Dontcha know the little people are all upset about the King and his pals living in the lap of luxury? Have you seen those Google Earth images of Baharin? The royals are filthy rich. The wealthy over there have some pretty nice spreads.

Jus saying, I could care less - but the have nots over there are none to happy. What do the have-nots have to celebrate? Maybe that their protests and unrest will F up the markets for us?? :nuts:

Jealousy. Its a nasty, violent emotion. so watch out for your TSP on Mar. 11th.

Im glad the "mob rule" in WisconSIN isnt effecting the markets! :laugh:

 

[nasa1974]

"The Labor Department reports non-farm payrolls increase 192,000 in February, the largest increase since May 2010. The unemployment rate dropped to 8.9% from 9.0%."

Markets gonna be on fire today???

Yep the markets on fire alright, all red. The only green is the darn oil.

Libya is what about 2% of all the oil production. And all of that goes to Europe. Darn oil speculators and oil barons. GRRRRR!!!

 

[vegasmith]

Yeah it looks like a "sell the news" day of profit taking. While the indexes might be in the red, the VIX has only moved modestly higher. My eyes are on March 11th and the days preceding it.​

 

[vegasmith]

Even after this noon dip the VIX has stopped short of crossing the 200 EMA. But the ping-pong table is getting narrower with the 20 and 50 EMA lines rising.