If you're short, I'm the sucker going long....: blue horseshoe is at 28

Friday, July 11, 2008

blue horseshoe is at 28

8 comments:

new comer said...: Wow, sell off till the close???; July 11, 2008 at 10:38 AM
Eric said...: this market is a nightmare to guess.

Common sense would say yes, and a wash out on monday.

but the market keeps going against common sense.; July 11, 2008 at 10:40 AM
new comer said...: rarely to see vxo >30, i think we haven't reached the real fear and the final sell off.; July 11, 2008 at 10:57 AM
Eric said...: I like your opinion.

we have yet to see a 28 vix, not being a highly profitable buying opertunity.; July 11, 2008 at 10:59 AM
Eric said...: we just started what could segnificant reversals in financials; July 11, 2008 at 10:59 AM
Eric said...: I would like to see a little better sell off, I'd like to see the whole market go negative.

we may see some free fall for a little bit.; July 11, 2008 at 11:10 AM
new comer said...: By looking at the history for the past 7 years, we only got a relative high vxo in 07 & 08.
Aug 16 07 vxo=37.69
Jan 22 08 vxo=39.02
Mar 17 08 vxo=37.17

I am expecting we will reach a low once vxo reach 35 or above. Current 32 vxo is not high enough to drive everything out. By the way, I remembered there was a article in Cnbc mentioned 10566 Dow is a miracle number (maybe a key support) i will not long until the big i bank released their earnings and how the market react.; July 11, 2008 at 1:48 PM
Eric said...: They signed a housing bill, I don't know what to say about the current boogyman.

Financals start reporting on monday or tuesday, we could just see Zero confidence till then... and maybe even bad news will mean short covering.

More long weeks, i'm sure.; July 11, 2008 at 6:39 PM

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