tag:blogger.com,1999:blog-4363707944748952823.post1959618341084049259..comments2024-03-28T05:23:16.954+01:00Comments on practical technical analysis: Weekly previewKrasihttp://www.blogger.com/profile/07425885123775585052noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-4363707944748952823.post-85182058404527917332017-05-17T20:33:10.572+02:002017-05-17T20:33:10.572+02:00Yes, the indexes are moving with an impulse lower ...Yes, the indexes are moving with an impulse lower which means the same pullback and another leg lower.<br />For the PM this could be only a-b-c higher so another low is possible. The important low should be in June/July. The current 20 week cycle would be short if the low is behind us and USDJPY should have one more leg higher.<br />Just wait to see the move higher and then we will think about what should follow.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-83959844915348548622017-05-17T20:11:57.069+02:002017-05-17T20:11:57.069+02:00I see. Does it mean SPX follow the same thing? Pul...I see. Does it mean SPX follow the same thing? Pullback and another leg lower? I thought PM could make another low by the end of May? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-30914413259612365402017-05-17T20:07:30.734+02:002017-05-17T20:07:30.734+02:00XIV looks bad indicators and EW pattern... it shou...XIV looks bad indicators and EW pattern... it should visit the 60-62 level.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-87812194951402504442017-05-17T20:06:10.372+02:002017-05-17T20:06:10.372+02:00It should last a few weeks then we will see how it...It should last a few weeks then we will see how it looks like. I am skeptical that this move will be 10% or bigger. Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-23637744728404094782017-05-17T20:03:39.593+02:002017-05-17T20:03:39.593+02:00Impulse should be finishing, which means pullback ...Impulse should be finishing, which means pullback and another leg higher should follow.Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-69189380699582385152017-05-17T20:00:01.893+02:002017-05-17T20:00:01.893+02:00PM again rebounded very strong, Is it possible to ...PM again rebounded very strong, Is it possible to reach short term top? Thanks. Today they are inverse move to spx. How about next few days? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-39371164390278109252017-05-17T17:52:46.192+02:002017-05-17T17:52:46.192+02:00Very good job Krasi! I hope for major correction, ...Very good job Krasi! I hope for major correction, deeper than you predicted. Really appreciate your work.<br />Krisarnold Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-69277262813151156302017-05-17T17:48:17.224+02:002017-05-17T17:48:17.224+02:00And yes, we are moving down this weekAnd yes, we are moving down this weekAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-43378884512575792722017-05-17T13:00:38.847+02:002017-05-17T13:00:38.847+02:00Potential evening star on XIV, waiting for confirm...Potential evening star on XIV, waiting for confirmation (VIX is up ~10% premarket). let's see if BTFD-ers can lift up indexes a little bit before open<br />Regards,<br />MilyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-72082096519138747752017-05-14T07:56:11.277+02:002017-05-14T07:56:11.277+02:00If I count XIV this should be the top of wave 3 an...If I count XIV this should be the top of wave 3 and for stocks iii of 3.<br />According to VIX historical behavior(previous post) there should be a move higher and one more low around or below 10 which translates in waves 4 and 5 for XIV.<br />According to the chart below(XIV simulated) XIV made it's final top in Jan/Feb 2007 when VIX visited for the second time the 10th level and stocks made a top later.<br />This supports again the count that we should see 4 and 5 for XIV and iii of 3 for stocks.<br />Overall I think historical VIX behavior confirms the current counts.<br /><br />https://sixfigureinvesting.com/wp-content/uploads/2014/05/XIV-hist-Mar2016.jpgKrasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-28481655218888198922017-05-14T00:06:08.952+02:002017-05-14T00:06:08.952+02:00OT but related, I know VIX itself is impossible to...OT but related, I know VIX itself is impossible to count, but take a look at XIV (inverse VIX 1m&2m futures, high contango in low vol environment) and it looks like next two weeks could see ABC correction, and potentially first impulse lower (matching final S&P vertical wave, when VIX usually raises with the index)<br /><br />Regards,<br /><br />Mily Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-68964023522255003202017-05-13T17:47:59.705+02:002017-05-13T17:47:59.705+02:00your charting is really good. this is very helpfu...your charting is really good. this is very helpful. i agree it seems divergence is indicating a move lower for the week or two.mitchnoreply@blogger.com