What's your target for the bear rally?

Quote from axehawk:

I think the bottom is in. We will never see 7800 again on the Dow. Vix was over 70, super pessimism everyone, world intervention, blah, blah.

I think the people who are thinking we're going back down to make new lows, are the ones that missed this massive rally.

I usually have a slightly negative view on the market, but I am becoming more bullish. Can't fight the Fed.
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DOW 7500, SP500 800 within 2q's. You need to do more detail oriented homework on historical market bottoms.
 
Quote from Syprik:

One ex, 1987 crash hit 150 VIX and the market touched those crash lows three times (once a week later, and then again 1st week Dec 87).

DOW 7500, SP500 800 within 2q's.
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Yep.
The 150 VIX reading is true.
That's why the readings in the 50's earlier last week did nothing for me.
 
Quote from AMT4SWA:

Second time test of low area I covered roughly 17% at 998.00 .......holding the last 33% of my SHORT ES position.
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Well I have set my final profit target for the ES at 978.00 to see if it can get filled before the close....will see. :)

Still holding all my Long Term Rydex 200% Inverse S&P500 from this morning.
 
Quote from AMT4SWA:

Well I have set my final profit target for the ES at 978.00 to see if it can get filled before the close....will see. :)

Still holding all my Long Term Rydex 200% Inverse S&P500 from this morning.
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Nice trading.....got your 978.00.
Do you have a stop for your LongTerm shorts or are you just letting it run with the primary trend?
 
Quote from baggerlord:

10300 dow, just enough over 10k to get all the suckers long again.
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Agreed, but with the adrenaline pumping going on, we could see a shot to 11k before she resumes her trajectory down to 7000 or lower.
 
Yeap....978.00 tagged....my SHORT ES position is now flat.

I did cover 33% of my Rydex 200% Inverse S&P500 position as the ES started trading below 980.00 .....the rest I will hold and just see how things go in the days ahead (since we had a significant sell-off from the open I did want to lock in some profits. Never know what new govt program may get announced overnight....LOL!).
 
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