XJO 0.50% 8,118.8 s&p/asx 200

I can see where you are coming from Funky with your view on...

  1. 5,877 Posts.
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    I can see where you are coming from Funky with your view on where things are at and can see that you are looking for a high volume spike to finish off this rally - and I understand your VSA position on it...

    Just want to point out from a different perspective - go back over the extreme tops on the indices from the past few years and you will more often than not see that they came when VIX was at its lowest and average true range under 1 percent - indicie tops often roll over like this

    We don't necessarily need to see a small cap type 2000 dot com crash top with volume for the top to be in

    For me we broke key support yesterday and last night and this market (dow) is in a short term down trend

    A rally and false break of 13,000 is likely to finish this off but I think while the verdict is still out this is not looking good here

    I think we all need to look at all of the technical indicators we can and

    I do respect you though Funky ( and Martis) not a criticism at all just adding to the conversation
 
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