PNV 0.00% $2.39 polynovo limited

Good news is the US vix did not gap up this morningStill hope...

  1. 6,582 Posts.
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    Good news is the US vix did not gap up this morning
    Still hope for a market recovery (markets can't recover while the vix is climbing)
    I prefer a vix climbing fast & falling slowly for longer periods of time to maintain my bullish stance on markets
    Slow climbing vix with fast falls & it's a more bearish market

    Updated general market chart posted
    Bottom gap now closed
    Left 2 gaps above that market can close this month
    Markets still nowhere near the early august lows (while PNV sits there)

    As long as we don't have a panic today & markets bounce back, PNV might be OK & return to some honest pricing
    Maybe the intraday xjo ignores our futures & ignores some of the friday night lows
    We'll find out shortly
    If the xjo does bounce it needs to get through 7950 to be significant

    My opinion about markets has not changed
    I'm still expecting a big push up towards the end of the year
    Just need to get through the next month or 2

    Rallies always start off red candles
    Just got to pick the right one
    Haha
    https://hotcopper.com.au/data/attachments/6444/6444186-649850300dd75751b1945ce01b8b5de0.jpg
 
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