on the hourly timeframe discrepancy with the AO indicator.
Indicates that there is no power to continue upward.
on the daytime timeframe, the AO indicator has gone long.
Two shopping areas:
when the exit is up.
or on a rollback to pick up.
rollback down or sidewall likely to unload...
Company: OVERSTOCK COM INC DEL
BT: $20 Second allocation will be between $10-$14 pending how the stock trades this month expecting to be a very bearish April for OSTK
ST: $40-$60 (A range nothing ever goes exactly to plan however we believe ultimately we can reach this high this year.)
Description: Overstock.com, Inc. operates as an online retailer...
A 2008 style VIX superspike is currently building into this market, It has not finished it's double top.
This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic.
50/80 Double top can be realistically expected shortly ..
With it 1500 point drop in the DJIA could easily be expected.. And...
The Secret is in the VIX ... VIX is behaving very differently than it's normal patterns .. It's indicating a VERY LARGE SELLOFF by the end of next week..
This is going to turtle futures point to large futures drop..