Black Monday? Bond trad3r issuing rare market crash alert

[achilles28]

Unless the market trades below ~1293, we're due for a bounce...

 

[luckyluciano]

Will it be a one day bounce?

 

[keeptradin']

Quote from abducens:

I should have loaded up on facebook friday.

Looks like alot of other people thought the same thing...LOL!!

 

[atticus]

Great call.

 

[luckyluciano]

Green Monday!

 

[MADASINHATTER]

Quote from spanish89:

Anyone with half a brain would be loading-up buy trades on the VIX at the 18.65 level if we can dip down there this week.

And then holding for the next few weeks into the run-up to the Greek elections.

VIX will spike upto around 40,
and so is a easy 400pips+ profit, plus the closest thing to risk-free trade out there.

You should qualify then

 

[Tsing Tao]

Quote from atticus:

Great call.

We now know why Bond trad3r issues these calls "rarely".

 

[achilles28]

Quote from luckyluciano:

Will it be a one day bounce?

Stops are still at ~1293 level. The market is pulling back on the hourly, but the daily bias is still long.

 

[trefoil]

Wednesday there'll be a summit in Europe, that'll probably be the next big move. Which way, who knows. Given their record over there, probably up then down, but maybe it'll be down then up this time (y'all can thank me later for my stunning clairvoyance), just to keep everyone on their toes.
Of course, unless they actually ditch the euro they're still totally screwed, but that's got more to do with strategy than tactics.

 

[tortoise]

scary shit.

http://peterosterlund.com/2012/05/21/stock-market-crash/