this is not over guys--more downside

Quote from TorontoTrader2:

VIX doubled today.

Yes DOUBLED. 10 to almost 20. What does that tell you?
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Time to cash out into hookers and blow and ride this one out for the rest of the week from a casino in Vegas?

Am I close?
 
I was IMing my trading buddy. We had a running bet to see when the TRIN would go HIGHER than the VIX. Talk about wild ride today.

So who took the counter trend when the TRIN went over 2?
 
Im neither Bull or Bear here, but that over 200 pt Dow fall in little over a minute smells fishier by the hour? Will we ever get the REAL story on that? I see the the Eminis are up tonight on GLobex. I just hope if you are still holding shorts you are prepared for a violent rally or 3 before the next 2-3 days. Bear rallies are viscious, if this is in fact a bear trend start. I see Most ETers have been calling to Top for oh about 4 years now! We shall know soon.
 
Quote from roctrend:

Im neither Bull or Bear here, but that over 200 pt Dow fall in little over a minute smells fishier by the hour? Will we ever get the REAL story on that?
More...


The Wall Street Journal reports that a glitch in the mechanism that calculates the average was behind the sudden drop. “The system fell behind,” said Mike Petronella, president of Dow Jones Indexes. The team that compiles the DJIA had noticed at about 2pm New York time that heavy trading volume was overwhelming the system, creating a data backlog that was affecting all of the Dow Jones indexes. The Dow’s component stocks were falling, but — improbably — the Dow average wasn’t falling as much. Just before 3 pm, the team switched over to a backup computer system. Almost immediately, the Dow caught up, tumbling 200 points, for an eye-popping plunge on the day of more than 500 points.

http://ftalphaville.ft.com/blog/200...ina-did-the-east-trigger-the-markets’-plunge/
 
way too many people shorted or bought puts yesterday if you look at put/call ratios and volatility index. Those are going to be squeezed real hard especially out of the money puts and they will not get anything and the markets will only drop more after expiration or after they have closed those positions today. VIX up 68% is the highest climb in history and will have to be deflated before we go down... just how the system/markets works http://lauristonletter.blogspot.com/
 
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