Thanks. Any idea where the VIX is with respect to this chart?
We haven't hit the high of 9/11, but we've had the same acceleration as 9/11, is that what your boy is saying?
http://www.elitetrader.com/vb/attachment.php?s=&postid=700399
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Black Monday ??
- Thread starter hank rollins
- Start date
Thanks. Any idea where the VIX is with respect to this chart?
We haven't hit the high of 9/11, but we've had the same acceleration as 9/11, is that what your boy is saying?
http://www.elitetrader.com/vb/attachment.php?s=&postid=700399
yesQuote from chasinfla:
Thanks. Any idea where the VIX is with respect to this chart?
We haven't hit the high of 9/11, but we've had the same acceleration as 9/11, is that what your boy is saying?
http://www.elitetrader.com/vb/attachment.php?s=&postid=700399
Attachments
bears need housing starts to be off on Monday's open. if up, probably good for bulls, otherwise, good to be short.
historically, this is setting up just like October of 98' ..
now i am only talking about the charts here ...
however, i am long term bearish ... i think real estate is in a bubble, and most home owners feel 'comfortable' knowing they have this growing equity in there homes ... almost like the paper wealth effect of the tech bubble ...
with 25% of real estate buying speculation, a real estate 'correction' is inevitable ...
another red flag is the fed .. with signs of inflation, the fed needs to raise rates ..but now, we may be faced with slowing of the economy ... he certainly can't lower ...but now he may not be able to raise either ... at least that is what the bond market is saying ...
just my .02 ... and since i am a trader, i am looking to go long if it is bloody on Monday ... should be good for a tradeable rally...
now i am only talking about the charts here ...
however, i am long term bearish ... i think real estate is in a bubble, and most home owners feel 'comfortable' knowing they have this growing equity in there homes ... almost like the paper wealth effect of the tech bubble ...
with 25% of real estate buying speculation, a real estate 'correction' is inevitable ...
another red flag is the fed .. with signs of inflation, the fed needs to raise rates ..but now, we may be faced with slowing of the economy ... he certainly can't lower ...but now he may not be able to raise either ... at least that is what the bond market is saying ...
just my .02 ... and since i am a trader, i am looking to go long if it is bloody on Monday ... should be good for a tradeable rally...
Guys/Gals
We need to all relax ... lol
Know one is saying it is going to be a bloodbath,
Hnk is short from 10500 area and he trailing his stop re: other thread.
He is just saying that it looks like it could be and he said he is going out on a limb and why not he is short with 400 points of protection.
My opinion is Monday will be a consolidation day tight range and tuesdays Housing numbers and PPI will possibly be a catalyst for either a pull back (which I will sell into) or a strong continuation down to 9700 area (dow).
So there you have it but remember one day at a time as things can always change.
We need to all relax ... lol
Know one is saying it is going to be a bloodbath,
Hnk is short from 10500 area and he trailing his stop re: other thread.
He is just saying that it looks like it could be and he said he is going out on a limb and why not he is short with 400 points of protection.
My opinion is Monday will be a consolidation day tight range and tuesdays Housing numbers and PPI will possibly be a catalyst for either a pull back (which I will sell into) or a strong continuation down to 9700 area (dow).
So there you have it but remember one day at a time as things can always change.
I feel like we are getting close to a good bounce, but we may not be there yet. What I would really like to see (so it probably won't happen), is a weak bounce on Monday, then another hard selloff; that would be a good set up for a short-term tradable bounce.
Long term, I'm bearish.
m
Long term, I'm bearish.
m