Hold On To Your Britches! Wild Week Ahead! Greek Riots Possible!

[shortie]

 

[William Rennick]

Quote from shortie:

Keep up the good work shorty. I feel like a gunslinger from the Wild West made famous by the great newspaper men of the day. Nothin like riding into town and striking a match off the forehead of the town bum to light my cigar as I mosee on into the saloon...

The Outlaw Josie Rennick out

 

[Lojanica]

Quote from shortie:

VIX is through the roof again. too much fear = a bounce is coming up, probably a green day tomorrow.

You were certainly correct re: volatility.

I am a little confused as the drop came a day earlier which is what happened in April too. I can't say to get long. I can say we may bottom out May 6th for a small bounce but 1200 is gone for now.

The nice thing about the volatility is there are enough wild swings both ways to please those so inclined toward short term trading.

 

[Lojanica]

Quote from Lojanica:

FWIW

I am a little confused as the drop came a day earlier which is what happened in April too. I can't say to get long. I can say we may bottom out May 6th for a small bounce

After the overnight it looks like we test 1150 which was the opening price for 2010 and I expect a small bounce from there by May 6th or 7th. The bottom for a week or more will most likely be at that level.

 

[shortie]

Quote from Lojanica:

After the overnight it looks like we test 1150 which was the opening price for 2010 and I expect a small bounce from there by May 6th or 7th. The bottom for a week or more will most likely be at that level.

are you using the historical day-of-the-month performance to predict the dates?

 

[noddyboy]

Quote from Lojanica:

You were certainly correct re: volatility.

I am a little confused as the drop came a day earlier which is what happened in April too. I can't say to get long. I can say we may bottom out May 6th for a small bounce but 1200 is gone for now.

The nice thing about the volatility is there are enough wild swings both ways to please those so inclined toward short term trading.

Buy the dip?

 

[shortie]

Quote from shortie:

VIX is through the roof again. too much fear = a bounce is coming up, probably a green day tomorrow.

strange: SPY -0.6%, VIX +6% - the rubberband of fear keeps stretching.

this morning VIX went briefly >+20% - two days in a row of +20% (close-to-close) would have been clearly excessive so the market snapped back.

 

[micmic]

I've been reading this forum for sometime and what better thread to introduce myself since I'm Greek Of course I can't predict anything, but my feeling is that things will take a while to settle down. Besides today's deaths, it also turns out that the government have agreed certain things with the IMF that they didn't announce right away... As these things become known, more steam will be building. The climate is very very volatile here.

 

[shortie]

Quote from micmic:

I've been reading this forum for sometime and what better thread to introduce myself since I'm Greek Of course I can't predict anything, but my feeling is that things will take a while to settle down. Besides today's deaths, it also turns out that the government have agreed certain things with the IMF that they didn't announce right away... As these things become known, more steam will be building. The climate is very very volatile here.

hang in there! good luck!

 

[Lojanica]

Quote from shortie:

are you using the historical day-of-the-month performance to predict the dates?

Yes as well as other cycle indicators. It's fun for me. I feel the need to order chaos. Mandelbrot. Nenner. Rennick are my heroes.