Every big down day with futures falling further is followed by...

Every big down day with futures falling further is followed by...

  • An up day!

    Votes: 32 64.0%

  • A down day!

    Votes: 18 36.0%
  • Total voters
    50
  • Poll closed .
There's definitely going to be some volatility in the markets tomorrow.

My CCI based indicator lit up today to short all Yen pairs and it was certainly profitable. At about 6:45 in indicated to long that the pairs were going to bounce back and here we are close to 8pm and they have all increased 30-70pips a piece. Very nice :)

I don't expect the JPY pairs to bounce all the way back. What happens in the next couple of hours will tell us what's going to happen tomorrow. If yen pairs sink like a ship, we're in for a rough day tomorrow. Charts do look VERY similar to Feb 27th.

GL and GT all!!
 
I thin some that are not watching are missing a big piece of bad news. Moody's and S&p are cutting ratings to junk on hundreds of MBS's, thus leading to a forced liquidation of a shitload of paper due to charters not allowing non-investment grade paper holdings. the peripheral fallouts will start a chain reaction that will deteriorate things in a hurry. it has begun this afternoon.

Lets see the idiots on CNBC say this is all contained now.
 
Quote from Cache Landing:

Selling OTM puts on SPX or on VIX?

If on SPX I hope that in replicating the synthetic you are maintaining the covered call notional exposure. Personally I wouldn't be so bold as to rule out a SPX crash under these conditions. If you're not watching your notional exposure it is akin to picking up dimes in front of a steam roller.
More...

I am short, but I oversold puts.
 
Quote from noddyboy:

I am short, but I oversold puts.
More...

I think the market will not be as bad as anyone thinks and will not be as good either...foreign markets will sell off more, but the dollar will dampen how much the US markets sell off.
 
.618 retracement of the recent rally has support coming thru at 1503 SPX. The market should be sufficiently oversold for a decent "bounce" off that level after another day or two of downside action that could then take the SPX back up to the 1534 area.
 
Quote from Ivanovich:

A lot of that was due to USD weakness, though. EUR/JPY moved down, but not anywhere near that. Same with AUD/JPY and NZD/JPY.
More...

All these downgrade on Invest-graded bonds will crush many Japanese investors; the 2nd LTCM is all over again.

Let's hear what BOJ have to say in tomorrow; print more money to bail out their investors or screw them up.

I think BOJ will try to bail out them again after having to screw some of its neighbors first. :D
 
You must log in or register to reply here.
Back
Top