!.. . VIX.Dly> Oct.20 - Retest of the Breakout, Strong RSI Down Impulse Testing 50
!.. 2.02 VXN Mnthly> Oct.17 - Backfilling of Overhead Gap Continues...
Price Basics> Volatility and Strength
Compressions of price, in the form of coils, triangles, wedges [ RED / YLW, GRN ] typically indicates price stability ergo strength.
Increasing volatility of price, in the form of broadening patterns [ ORNG / YLW, GRN ] typically indicates price instability ergo weakness.
TRADERVISION ANNOTATION COLOR PROTOCOL
Gap / Thinly Traded Range = SHD LGHT BLU
Compounded Gap / Thinly Traded Range = SHD PRPL
Backfill of Previously Unconfirmed Range = DRK BLU
!..COMPQ M Oct.1 - Overhead Gap Resistance, RSI Testing 70
!..CPC Wkly > Oct.8 - MACD Histo Testing Uptrend
!..TLT Wkly Sept.28 - Asc Flag Cont's, RSI Bounce Off 50
!.1.0 INDU 2 Hr Oct.8 - Testing Brdning Top R, RSI Bounce Off 40 Still Testing 50
!.4.1 QQQ Mthly Oct.8 - Backfill Cont's, RSI Testing Downtrend
!.BPOEX June 18 - RSI Testing 2010 Downtrend
!.BPSPX Dly - Sept.26
Sept.26> For more about what I said last week about 'Ignoring the Noise' (coming form TeeVee and elswhere) see what Gatiz Roze said this week...
Wall Street's Complexity versus Investors' Profits & Simplicity
September 26, 2014 at 06:45 AM / written by Gatis Roze