I’ve seen so many major bottoms over the past two decades I’ve been trading and NONE have bottomed with a VIX at 28. Typically the fear gauge is above 50 minimum. It’s shockingly low which means a downward 3 is the right wave pattern with a min target of 2250..my long term target is 1800-1850 or the previous 4 on SPX. We got 5 waves up since 2009 and this looks like a huge zigzag w2..
The $VIX is the reason why I keep shorting. The trend is down and the VIX is only 28. Far too low to bottom.
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About the Author: wavegenius
The secret of many top analysts and traders…(in fact mutual fund managers, hedge fund traders and even a couple seat owners of the NYSE are subscribers!) Wavegenius.com. Ted “Wavegenius” Aguhob since 2001 has profited on 80%-88% of his trades EVERY year since the inception of his blogs and websites..Ted has made and incredible amount of calls during this period including: Recent 19,500% gain in one month trading options, 1778% gain in 03-04 from swing trades, The 2009 bottom lows of S&P DOW and NASDAQ literally right on the number, the massive 3rd waves when SPX made it’s run from just over 1000 to 2900+ that we’re seeing now (these calls were written by Ernie Varitimos on articles on the FRONT PAGE of TheStreet.com, Yahoo Finance and MSN Money for a week), The exact all time low of Apple and Facebook and the huge move that followed on Youtube videos, and he’s had Top 20 Charts of stocks that 90%-100% of the time were accurate…at the time the calls were considered insane to most and hundreds of his charts have been like that..until they actually happened…as a result Ted with a tiny audience made almost $177,000 in 2013 as one of the top earning blogs in the country. His following is beyond fanatical, and has been hidden away for many years with many websites and competitors refusing to partner with him..mostly because he’d walk in there and take away many subscribers and traffic from them…