Capitulation

[QQQBALL]

Quote from lrm21:

Capitulation?

I don't know. If this is the bottom there is still a surreal calm to the whole affair. I mean we just reshaped 150 years of financial dominance and stability in 6 months.

zactly!

 

[CONR]

Quote from piggie2000:

you're a joke. dow futures down a shitty 280. get us down 1000 and we can talk

Who's laughing now. Instead of criticizing people, why don't you stop playing pocket pool and wipe your tears because you sold every thing you own at 8:30.

 

[Landis82]

Quote from jaytrader100:

vix nees to hit 39 to 40 for violent capitulation and reverse.. its still pretty early to get long

You obviously don't trade the energy names.

 

[Cutten]

Quote from abxs:

I wish you best of luck in your future endeavours. But I suspect they won't be in the trading arena anymore.

Well if you were "long calls on brokers & financials, and a crapload of Yen, bond, and gold puts" you would have done pretty good today.

 

[piezoe]

Quote from CONR:

Are you watching CNBC? We are in capitulation. Vix at 35 tom. I'm long everything I can get my hands on at 10 A.M.

I don't know if you are right. I don't think you are. But in any case you should not wade into this market during triple witching week. Wait at least until that's over, then re-evaluate. Seems to me we should have at minimum another 10% to go down. At least to the 1050 area, that someone else has mentioned, and probably lower still after the election. Perhaps in 2009. Good luck, but i recommend being more patient.