Much has been stated about the Vix’s explosive move but yet the market has barely budged. Apparently this has hardly ever happened in the history of the data. Bottom line: with the VIX at 21 prepare for the market to correct some more. This has been the strangest couple of weeks I have ever seen. There was a day where the Dow moved in a 3 handle range for hours on end. We are talking the Dow here that moves up and down in 100’s of points daily.
You can sense the unease and disbelief out there. We are in uncharted territory. Bond yields are imploding and he economy is falling apart but yet stocks are acting like everything is fine. The current downturn has wiped out weeks of index price gains. We may bounce soon but I think further downside is ahead. The VVIX chart looks like it it did in August which is straight up.
Additionally I got a frantic call from my friend schooled in the technical analysis of the Daniel Code. Its an arcane system that uses price and time codes from the Bible. Its not always right but it does creep me out to watch the precision with which his targets were hit. We closed on his numbers 3 days in a row almost to the tick. He contends that the price recognition and the death cycle time window has him very nervous that the top is in and that a very big decline is coming. We shall see. The market has been very frustrating for bears.
As an aside the news is getting more strange as time goes on. The Russians may leak the Hillary Clinton emails proving that she broke the law. Apparently they are frustrated with the pace of our legal investigation. Think about how absurd this is, just bizarre.
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I look forward to your articles more than most, but I can’t figure out if the bible code nonsense is a joke? WTF? The central banks buy indexes to keep illusions going. I have zero doubt about this. They would rather risk decimated currencies than a market that goes down for a bit. Pure Evil.
Job gains have slowed big time.The market seems pricey.
Regular folks I know
are building cash -so if too few are
buying, prices have to fall to entice them.
Is the Daniel Code from the Dan Brown school of investing, where we take our trading cues from mystic portents and other arcana?
…from the fucking bible? (head explodes)
Is the Bible bit a joke?
The Ruskies are voting for the Donald rather than that goddess of war herself, Hillary.
People use moon cycles to invest too. It’s obviously not a science. The intent is to tap into animal spirits. When you’re out on the road and cars are flying around like psychos, or you have several weird random interactions throughout the day with strangers, people will still ask “Is it a full moon today?”
The assumption of course is that animal spirits are still allowed to exist in the market. Algorithmic trading is stamping that out.
Reply to all on DC codes.
They are real and they work as well as any other technical indicator. They are better in that they do not show up on everyones radar screen. They are like fibs that also incorporate time cycles.
Today we all witnessed the DC reversal at the end of the day. 😉
Even if the top/ath was in: what is your sense of timing for a short?
Brexit vote is coming up – remain vote could push us up from here? 2050 is such a tricky level. Could easily mount one last assault on 2100 before making a run for 1900?
All I can say is WOW…
A prediction on the Brexit vote:
The plebs may be in favor of a Brexit; however, the Diebold machines are most definitely not in favor of such an outcome. A yea vote at this time simply cannot and will not be tolerated.
All means necessary will be used to ensure the proper outcome, whether that be propaganda, lies, manipulation, coercion, bribes, murder, or plain old voter fraud – miscounting, losing, counting alien votes, or technological voting glitches – whatever it takes.
The beauty of the electronic voting is, there are no chads to recount. The desired numbers can be attained with a few keystrokes.
The markets will not be permitted to show the true sentiments until control is lost. After that, lookout. When that will happen is anyone’s guess – days, months, years?
imho – months
All hail BLUESTAR!
& the Ark
sounds like bank employees are scared s***less about doing the wrong thing
https://www.youtube.com/watch?v=Vxz7tDvMpec
Some people read a bit too much Zero Hedge yes?
Pinches of salt needed.
Brexit a no no sadly, sell the news.
I’m now flat, escaped last week with a teeny tiny profit.
Reloading later this week/early next week.
Imminent declines ahead, imminently!
(Get your physical gold through the summer, last chance).
vix has a long way to go b4 being cheap again