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Thank you Steve. I have learnt a lot from your posts and hope...

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Astutebusyguy

900 Posts.

156

09/07/22

17:42

Post #: 62457473
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Originally posted by steve10: ↑

Yahoo Finance has good charting tools too for free. https://au.finance.yahoo.com/

Plot the 8, 21, 50, 75, 100, 125, 150, 175, 200, 225 & 250 MA's in different colours. You'll see the rainbow ribbon effect & when they converge/cross to the upside indicates bullish again.

The guy in this video shows examples of the ribbon MA's converging/crossing. Also goes through current market.

I also learnt that VIX can be correlated to the expected market move up or down next 30 days. Divide the VIX by the square root of 12. For example, Nasdaq VIX is currently 31.18 / 3.4641 = 9.00% up or down. S&P500 VIX is 24.64 / 3.4641 = 7.11% up or down. So when the VIX is high there are big moves in play up or down.

When VIX is high fund managers reduce exposure as upside/downside moves are larger & vice versa when VIX is low. VIX has broken below support & can now sustain a rally. We'll wait & see if CPI comes to the party. There are upside gaps to fill on Nasdaq & S&P500 charts.

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Thank you Steve. I have learnt a lot from your posts and hope that others too have joined me in learning. Your lucky you don’t have to mark our paperwork but as investors we are well incentivised to learn quickly.

DW8 Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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