A rebound Wednesday?

[dtrader98]

This is redemption week for hedge funds.
Explains a lot of the selling volatility IMO.

Of course, I still have a hard time seeing option writers granting the bears wishes on OE.

http://www.marketwatch.com/news/sto...x?guid={84C04FFD-1C25-4A6A-846C-1585042546A3}

 

[Chood]

No rebound by the looks of indices in Sydney and Tokyo. Just the opposite. Like with the iphone debut, the crowd is forming early overnight -- I mean at the FED window. As another poster said elsewhere this evening, bring your Monopoly money. It's good!

 

[Landis82]

Quote from Landis82:

The first leg down off the highs was 128 points.
If this second leg down EQUALS the first, it would target 1375.

(1503-128= 1375)

A .618% fib of the first leg down (128) would = 79 handles and target:

1424

Getting there . . .
SPX: 1406.70

 

[S2007S]

Quote from Landis82:

Getting there . . .
SPX: 1406.70

I will be looking for a break below 1400, will sell my SDS around your target of 1375 or around 62-63 a share.

 

[Landis82]

Quote from Landis82:

The first leg down off the highs was 128 points.
If this second leg down EQUALS the first, it would target 1375.

(1503-128= 1375)

A .618% fib of the first leg down (128) would = 79 handles and target:

1424

Getting there . . .

SPX: 1387.34

 

[una11]

Banks trading dry today...a tell???

 

[Landis82]

Measured-Move complete at 1375.00

the second leg down off the 1503 high now equals the first 128 point leg down.

at 1375

 

[una11]

Quote from una11:

Banks trading dry today...a tell???

And indeed it was