The target is approximately $23.35 on Feb 27th.
15min Chart
30min Chart
Saturday, February 18, 2012
TVIX - Triangle Target $23.35
TVIX traded in the orange fork last week as shown on the lower 30min chart. The upper orange fork stopped the advance, and the orange midfork was tested Friday. Support held on Friday, and the price could trade in the green oval Tues/Wed. The 23rd may be the most probable date for a major breakout above the upper white triangle line.
The target is approximately $23.35 on Feb 27th.
15min Chart
The target is approximately $23.35 on Feb 27th.
15min Chart
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Rumors about Greek default announced on 23rd :
ReplyDeletehttp://hat4uk.wordpress.com/2012/02/16/greek-default-exclusive-senior-us-bankers-given-explicit-timetable-for-athens-default/
Interesting, thank you.
DeleteSC
ReplyDeleteThanks for chart..You are a nice guy..You dont always get it right but you never hide or something like that when you are wrong..Always here..Appreciate it!
And one more thing. The other people on this site..Like Zigzag makes it even better..Both of you thinks that a dip is next until end of Feb.
What about the stockmarket..You see limited upside here..Even if they bail out greece? SPX 1280-1290 next and then a hard bounce up from there before the big leg down in mars..
Take Care. Have a nice weekend..
ZZ has a remarkable ability to recognize important dates months in advance. Those T charts are works of art.
DeleteSPX is likely to open lower on Tues, but grind out a top later on Tues/Wed. In my view there is practically nothing for upside. Feb 27th target is 1289-1295 SPX. Then, yes a hard bounce.
I'm working on an updated Apple chart. Very interesting stock for the near term.
He has never admitted he was wrong with his "Firm Warning" for 1040 by January 6th. A complete and total failure to understand cycles. The market went the other way in some style. I don't know why you guys are still here because he cannot be trusted.
Delete"And one more thing. The other people on this site..Like Zigzag makes it even better"
ReplyDeleteI mean that ZZ and other make the blog better. Not that they are better than you. :-)
Thanks for the answer SC! :-)
Absolutely, and there are many ways to find the answer to market behaviours using different methods of analysis. The more methods that line up, the higher the degree of probability.
DeleteInterestingly, and to tie the above comments together nicely, ZigZag's overall timing chart shows March 23rd as the beginning of the large decline into April 10th.
ReplyDeletesome more info about TVIX VIXX http://vixandmore.blogspot.com/
ReplyDeleteSC are you still seeing a dip to 1290 area this week?
ReplyDeleteAlso how high do you think its possible for spx to go this week?
he said likely the low will hit on the 27th
ReplyDeleteFutures ripped up 10pts...........will be interesting to see where we open come tuesday.
ReplyDeletei see that......good thing markets are closed tomorrow......plenty of time for something negative to hsppen
ReplyDeleteZigZag, the market followed your map perfectly until the Feb 13-14 intermediate top :(
ReplyDeleteis a pull back overdue? or cancelled?
thanks
Hard to say Steve. It won't be exact, but the path is likely to finish higher this year. All of my indicators are extremely overbought and I would think a pullback is due soon.
DeleteComparing previous patterns, we could be doing something close to this.
This would give us potentially a 4 to 5 week down move soon.
http://tinyurl.com/7u8hg86
http://tinyurl.com/7fe8xmq
hmmmmm, futures just dropped....
ReplyDeleteWell US stock futures are still trading higher nonetheless and barring some rebuke of the Greek proposal the indices look like they will head much higher tomorrow.
ReplyDeleteWe must be getting close to topping because I am just near total capitulation as are most of the remaining few bears left that I know.
Are we on the verge of a total melt-up in the markets?
Every single technical indicator and fundamental situation I look at says the market should have topped and selling off.
ReplyDeleteI think it's definitely a case of all that liquidity driving prices higher regardless of anything to the contrary. And they don't even look like backing off.
It's contrarian of the contrarians. Everyone I know that looks at the charts was bearish back a month or 2 ago, they all have to capitulate for the market to sell off. I think it's very soon. I'm not going to capitulate I'm just going to wait... a lot safer :)
ReplyDeleteLooking at the Cristal ball. We will come down a bit until the 27th.
ReplyDeleteThe next week will result in a huge push until Mar 18/19th and then and only then will we come down again and give the bears a chance to play.