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1/ Chart updates from the Dragon's Den. Big picture HAS NOT CHANGED. We finally got the next segment of the pattern I ave been looking for.
2/ 3 Peaks tutorial once again for the new folks. This is an extremely reliable pattern, especially when it forms textbook.
3/ The bigger picture with the rally from 2009 fit into the 3 peak pattern. Again, if we break 2630, this is done and we are in purple down.
4/ The daily picture. These indicators suggest we may be at a low point. So we either crash straight to 2650-2850 at extreme indicator levels or we find a low ~2850, bounce and then drop to ~2650.
5/ Hourly chart. Only thing to show here is MACD. Deepest I have ever seen so another plausible reason for a bounce soon.
6/ The 10 min finally starts to tell a short term picture. This was an EXTREME move. A triple ABC down with the middle ABC a running corrective. Possible low coming on Friday but if the low is above 2850, any up is likely a corrective pattern to unfold only.
7/ And finally my TVIX "trade" from 46. In quotes because I bought and held for a while. I bought this back in early Jan. Damn thing took 6 weeks to finally realize expectations but it was worth the hold knowing what was coming.
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