Market is bottoming
#1
Posted 22 January 2007 - 03:01 PM
#2
Posted 22 January 2007 - 03:09 PM
enjoy
Hank
I need a drink now :-)
This is the usual pattern of selling off for an hour and a half and going nowhere after that.
The only question I have is whether we are bottoming today or will bottom tomorrow before the run up to new highs on S&P.
Just like I said several months ago and many points lower: there is no risk!
Denleo
#3
Posted 22 January 2007 - 03:14 PM
Just like I said several months ago and many points lower: there is no risk!
With a 100+ point sell off in the dow, the VIX barely got over 11.. now its going back down below 11.
There's certainly no risk according to VIX.
#4
Posted 22 January 2007 - 03:18 PM
#5
Posted 22 January 2007 - 03:25 PM
#6
Posted 22 January 2007 - 03:35 PM
#7
Posted 22 January 2007 - 03:49 PM
#8
Posted 22 January 2007 - 04:05 PM
#9
Posted 22 January 2007 - 04:05 PM
Good to see you, Denleo.
Always appreciate your view on the market.
ditto.
I actually was thinking about you this weekend and wondering if you were still doing the overnight trade.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#10
Posted 22 January 2007 - 05:36 PM
Short-term trading could be done both ways, but longer-term positions still should be done on a long side only.
No kidding