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I assume there wont be any sharp vertical move and I have a stop line starting at 2150 today and climbing 1pt per business day or 1% per month.
Scenarios:
1 vertical up: i dont believe and i would stop on the red line below (pain stop more than runaway stop)
2 pain lateral up to 2140 - very possible but limited to 3% up until March
3 correction down and then climax
Trading:
short 40% 2080 stop 2150 climbing 1pt per bd
short 40% 2130 (only if occurs without breaching speed limit, ie no early than Feb15)
If markets falls straight: move stop to 2080 as soon as 2030 and take profit around 1940.
If market drifts up to 2130, execute second tranche and TP half at 2110 and half 2030.
Comments
The behaviour is the following markets are bullish most the time and most the time you are right... Big changes occur over 3 weeks...
The game is to avoid those 3 weeks when you buy the dips..
Fix Vix?
Ultimate ma?
this is a world of its own...
where can i find literature on the indicator.. from a visual point of view, it works, is there a strategy related to it?
ultimate ma = another moving average - i set it to a 5 period to 8 period
vix fix = a larry williams indicator that identifies bottoms quite well