Tony and I were just arguing about support levels....
Or not arguing but talking about S4...
Making it to s4 in one day IS BIG!!!!
SPX at -24 vix at 30... which means that the limit for the day....
in a 3 Standard deviation environment is that more than another 6 spx points would be wierd..
and we would push to a 6SD environment, and the vix would have to shoot up...
It could.....
but I just wanted to point out that "We have Gone very far Very Fast... It's 11:30...
and some small correction at say 12-1 pm eastern seems likely....
and if we did have like a Down 400 day.....
I'd think about getting long... cause it's Too FAR TOO FAST!!!
but.... Maybe it's time for some Cartoons...
and by cartoons I don't mean Larry Kudlow
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, June 15, 2009
some talk
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1 comment:
Down below June lows... and trend lines. Pisani calling it a buyers' strike, but I see lots of technical damage here.
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