9/17/2017 Weekend update on the dollar, gold, silver, the general market, and the sexy VIXens

in #sept17 • 7 years ago (edited)

I just posted this overall view when giving my BTC oh-pin-yun to the steemian who has been as accrut as anyone I've seen at prediciting BTC price direction. Since my spew covers it all as far as my take for what happens this coming week, and I don't feel like typing it again, I will simply post the link to that spew.

https://steemit.com/bitcoin/@ew-and-patterns/btc-update-15-09-17-don-t-be-fooles-by-this-volume-spike#@joejustjoe/re-ew-and-patterns-re-ew-and-patterns-btc-update-15-09-17-don-t-be-fooles-by-this-volume-spike-20170917t134722182z

#weekend #update
7 years ago in #sept17 by
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     7 years ago 

    Hi ho hi ho it's off to spew I go.......

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       7 years ago 

      9/21 update: Things have played out in a way that the market short is about the only gamble of choice left that is worth taking. Yet based on yesterday's market festivities there was technical damage on both the SPY and QQQ charts that I don't believe can be worked out until at least late afternoon today. So I will monitor the VIX volatility index and step away until late afternoon. I would consider a move to VIX 9.00 a price point where UVXY longer term buyers could step up to an initial long in UVXY cash markets. IWM is actually the ETF closest to being setup as a "textbook" short.

      http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=iwm&x=39&y=7&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

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