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

"Sell down to your sleeping point"

Monday, June 15, 2009

some talk

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

1 comment:

Tony said...

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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